Business
Why Amcor, Carsales, Rent.com.au, & Temple & Webster are surging higher
In afternoon trade the S&P/ASX 200 Index (ASX: XJO) is on course to make it three consecutive days of strong gains. At the time of writing, the benchmark index is up 1% to 6,831.4 points.
Four ASX shares that are climbing more than most today are listed below. Here’s why they are surging higher:
The Amcor share price is up over 5% to $15.16. Investors have been buying the packaging company’s shares following the release of a solid half year update. Amcor posted a 16% increase in adjusted earnings per share to 33.3 U.S. cents for the six months. This stronger than expected performance led to management upgrading its earnings per share growth guidance. It now expects growth of between 10% and 14% in constant currency.
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