At lunch on Friday, the S&P/ASX 200 Index (ASX: XJO) is fighting hard to stay in positive territory. The benchmark index is currently up slightly to 7,080.5 points.
Here’s what is happening on the ASX 200 today:
REA Group half year results impress
The REA Group Limited (ASX: REA) share price is trading higher today after it outperformed the market’s expectations during the first half. The property listings company delivered revenue growth of 37% to $590 million and EBITDA growth of 27% to $368 million. The latter was ahead of the market consensus estimate of ~$350 million. REA also revealed that January had started strongly.
News Corp shares rise on results
The News Corp (ASX: NWS) share price is on the charge today after the media giant released its second quarter and half year update. News Corp reported a 13% increase in revenue and an 18% lift in EBITDA during the second quarter. This led to a first half operating profit of almost US$1 billion, which is up 30% year on year.
Boral shares plummet (but for a good reason)
The Boral Limited (ASX: BLD) share price has crashed 41% lower on Friday. However, this decline is due to the building materials company’s shares trading ex-capital return today. Eligible shareholders can now look forward to receiving a total cash distribution of $2.72 per share. This comprises a $2.65 per share capital reduction and an unfranked dividend of 7 cents per share. Boral is returning a total of $3 billion to shareholders following a series of asset sales.
Best and worst ASX 200 performers
The best performer on the ASX 200 on Friday has been the PointsBet Holdings Ltd (ASX: PBH) share price with a gain of almost 5% following an update on its North American operations. The worst performer by some distance is the Boral share price with a 41% decline due to its capital return.
The post ASX 200 (ASX:XJO) midday update: REA and News Corp impress, Boral plummets appeared first on The Motley Fool Australia.
Wondering where you should invest $1,000 right now?
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.
*Returns as of January 12th 2022
More reading
- Did the Boral (ASX:BLD) share price really just collapse 40%?
- Here’s why the PointsBet (ASX:PBH) share price is charging higher today
- REA (ASX:REA) share price higher after smashing first half expectations
- Should you buy ASX shares now or wait just a little bit?
- 5 things to watch on the ASX 200 on Friday
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Pointsbet Holdings Ltd and REA Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
from The Motley Fool Australia https://ift.tt/awtNAxs
Leave a Reply