AFR: ASX confession season begins on a high note

The Good Guys was the weak spot in JB Hi-Fi's trading update.
The Good Guys was the weak spot in JB Hi-Fi’s trading update. supplied

The confession season has started on an optimistic note, with most companies able to hold their earnings forecasts, but further downgrades cannot be ruled out as the weather and industry-specific issues detract from reasonably strong economic activity.