The final day of earnings season has seen a number of ASX 200 shares release their latest results.
Some of these results have gone down well with investors and some have been received less enthusiastically.
Three ASX 200 shares that are making big moves on their results releases are named below. Hereâs what they reported:
NextDC Ltd (ASX: NXT)
The NextDC share price has taken a tumble and is down 4% to $9.60. This morning, the data centre operator reported a 10% increase in half-year data centre services revenue to $159.7 million and a 15% lift in underlying earnings before interest, tax, depreciation and amortisation (EBITDA) to a record of $97.5 million.
Looking ahead, the company believes it is well-placed to achieve its FY 2023 guidance. Management expects to hit the top end of its revenue guidance of $340 million to $355 million, with underlying EBITDA in the range of $190 million to $198 million.
Nickel Industries Ltd (ASX: NIC)
The Nickel Industries share price is up 3% to 98.7 cents. This follows the release of the nickel producerâs full-year results. Nickel Industries reported an 88.4% increase in revenue to US$1,217 million and a 15.3% lift in net profit to US$159 million.
This was underpinned by a record performance from the companyâs RKEF operations, which was matched by an equally strong contribution from the Hengjaya Mine. Pleasingly, management expects its strong performance to continue in FY 2023. This is thanks partly to the completion of the haul road from Hengjaya Mine to the Indonesia Morowali Industrial Park.
Telix Pharmaceuticals Ltd (ASX: TLX)
The Telix share price is up 3% to $6.78. Investors have been buying this radiopharmaceutical companyâs shares after it reported a big jump in revenue in FY 2022. Telix posted group revenue of $160.1 million, up 20 times on FY 2021’s $7.6 million. This was driven by the commercial launch of the Illucix product.
And while Telix reported a loss after tax of $104.1 million due to a period of investment to scale-up commercial and clinical activities, it currently has a cash balance of $175 million and a pathway to positive cash flow.
The post 3 ASX 200 shares making big moves on earnings announcements 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…
See The 5 Stocks
*Returns as of February 1 2023
(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}
setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()
More reading
- 7 ASX 200 growth shares to buy for possible takeovers: expert
- These ASX tech shares are buys with 30%+ upside: brokers
- Here are the top 10 ASX 200 shares today
- Here are the 10 most shorted ASX shares this week
- Here are the 10 most shorted ASX shares
Motley Fool contributor James Mickleboro has positions in Nextdc and Telix Pharmaceuticals. 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 no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
from The Motley Fool Australia https://ift.tt/GFu04lL
Stock Pick 