The ASX All Ords is slightly in the red in early trading on Wednesday as earnings season continues.
The S&P/ASX All Ordinaries Index (ASX: XAO) is currently down 0.04% to 7,910.1 points.
But let’s take a look at some results from three companies whose share prices are doing much better.
Bravura Solutions Ltd (ASX: BVS)
The Bravura Solutions share price rocketed 46% earlier to a new 52-week high of $1.40 on Tuesday. The ASX All Ords financial services management software provider has reported its 1H FY24 results. The company reported a return to profitability with a positive cash EBITDA of $300,000. EBITDA was $7.9 million, up $11.5 million on 1H FY23. Gross revenue came in at $127 million, up 7.4% on 1H FY23.
The ASX All Ord stock is currently trading for $1.23 per share, up 27.6%.
McMillan Shakespeare Ltd (ASX: MMS)
The 1H FY24 results of McMillan Shakespeare also has the market excited today. The ASX All Ords stock rose 15.2% to $20.10 in early trading after the employee benefits provider reported a 42.9% bump to normalised EBITDA at $86.9 million. The company declared an interim fully franked dividend of 76 cents per share, up 31% on last year’s interim payment.
The ASX All Ord stock is currently trading for $20.06 per share, up 14.93%.
Perenti Ltd (ASX: PRN)
Record first-half results have this ASX All Ords mining services company surging on Tuesday. The Perenti share price hit a high of 94 cents this morning, up 10.6% after the company released its numbers. Perenti announced a record revenue of $1.6 billion and a record underlying EBITDA of $312.4 million. Statutory NPAT(A) in 1H FY24 was $69.8 million, up from $44 million in 1H FY23. Perenti said this was due in part to a gain on the “transformative, value accretive” DDH1 acquisition.
The ASX All Ord stock is currently trading for 93 cents per share, up 8.82%.
The post ASX All Ords stocks surging 10% to 46% on earnings results appeared first on The Motley Fool Australia.
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Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Bravura Solutions. The Motley Fool Australia has recommended McMillan Shakespeare. 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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