By Oliver Gray
Investing.com - The S&P/ASX 200 added 33.6 points or 0.5% to 7,258.4 during Tuesday's session, lifting above 7-week lows and partially recouping yesterday's losses of 1.1% as market participants monitored local earnings results, while fresh retail sales data came in hotter than expected.
Among reporting companies, Mesoblast Ltd (ASX:MSB) added 4.8% after reporting losses of A$0.05 per share, in-line with expectations, while revenue for the quarter was reported at $3.14 million versus $3.09 expected.
Pointsbet Holdings Ltd (ASX:PBH) fell 14.3% after reporting losses of A$0.58 versus $0.52 expected, while revenues came in at A$178 million versus $175.4 million expected.
Adbri Ltd (ASX:ABC) dipped 7.1% after the company reported EPS of $0.1, in-line with expectations on revenues of $886.63 million versus $845.89 million expected.
Nextdc Ltd (ASX:NXT) added 2.4% after reporting losses of $0.01 versus $0.00 expected on revenues of $159.64 versus $163.48 expected.
On the data front, preliminary retail sales came in at 1.9% for the January period, above expectations of 1.5% and rebounding from December's reading of -3.9%.
On the bond markets, Australia 10-Year rates were at 3.86%.
In New Zealand, the NZX 50 was up 0.9% to 11,984.6.