Business
Why Cochlear, Goodman, Lovisa, & Whispir shares are surging higher
In late morning trade the S&P/ASX 200 Index (ASX: XJO) is on course to end the week on a disappointing note. At the time of writing, the benchmark index is down 0.7% to 6,835.5 points.
Four ASX shares that have not let that hold them back are listed below. Here’s why they are surging higher:
The Cochlear share price has jumped 8% to $220.40 following the release of a better than expected half year result. The hearing solutions company’s performance improved so much that its underlying net profit of $125.3 million fell only a touch short of its record half year profit from FY 2020. Looking ahead, it has provided full-year underlying net profit guidance of $225 million to $245 million. This represents a 46% to 59% increase on…
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