It certainly has been a busy day on the ASX 200 index on Thursday. This has seen a number of ASX 200 shares releasing updates to the market today.
Three that investors have responded positively to are summarised below. Hereâs what they reported:
Domain Holdings Australia Ltd (ASX: DHG)
The Domain share price is up 2% to $3.12 after the release of the ASX 200 property listings company’s half year results. While Domain reported a solid 6.5% increase in revenue to $186.6 million, its expenses grew by a massive 20% and weighed heavily on its margins. This led to the company reporting a 38.9% decline in net profit to $15.9 million. Goldman Sachs notes that Domain’s revenue was 2% higher than its estimates but its profits fell 15% short.
Incitec Pivot Ltd (ASX: IPL)
The Incitec Pivot share price is up 1% to $3.54. This morning, this agricultural chemicals company released an upbeat annual general meeting update. Management revealed that FY 2023 âpromises to be another strong year for IPL.â Overall, its business is performing materially in line with the outlook provided in November.
IPH Ltd (ASX: IPH)
The IPH share price is up 3% to $8.64. This ASX 200 intellectual property services company reported a 19% increase in half year revenue to $226.9 million and a 16% lift in net profit after tax to $28.5 million. This allowed IPH to increase its interim dividend by 7% to 15.5 cents per share. Management advised that this result was driven by organic growth in Asia and the acquisition of Smart & Biggar. Favourable currency movements also gave its earnings a boost.
The post 3 ASX 200 stocks marching higher following earnings updates appeared first on The Motley Fool Australia.
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More reading
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- These ASX 200 shares were smashed in January
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. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended IPH. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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