Business
Why Atomos, Bendigo and Adelaide Bank, Coca-Cola Amatil, & Nearmap are racing higher
In late morning trade the S&P/ASX 200 Index (ASX: XJO) is on course to start the week on a positive note. At the time of writing, the benchmark index is up 0.9% to 6,868.2 points.
Four ASX shares that are climbing more than most today are listed below. Here’s why they are racing higher:
The Atomos share price is up 11% to $1.04 following the release of its half year results. The video technology company reported a small increase in revenue to a record $32.8 million for the half. Pleasingly, this was achieved despite a substantial reduction in marketing expenses, which supported a 19.3% decline in operating expenses. This led to the tripling of its operating earnings to $3 million.
Bendigo and Adelaide Bank Ltd (ASX: BEN)
The…
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