Reporting season has ramped up with a large number of companies putting out results today.
The ASX200 meanwhile has broken its winning streak and has been down around a third of a percent at 7,972 in early afternoon trade.
Most sectors are in the red and Energy is leading the decline, down around 2.8% followed by Financials 1.1% and Utilities 0.6%. Bucking the trend IT up more than 4.6%, driven higher by Wisetech, and Industrials 1%.
Company News
Logistics software developer WiseTech Global (ASX: WTC) has been up more than 18% after announcing results. The company beat expectations for FY24, with 28% revenue growth, 28% earnings growth, and a 10% dividend hike.
Wisetech Global has been trading at $111.85.
Santos (ASX:STO) has been down around 4.9% after posting annual results. Investors were not impressed as underlying profit was down 18%, but Santos declared a 49% increase in its interim dividend.
Santos has been exchanged at $7.44.
Pathology and imaging provider Healius (ASX:HLS) has been up around 12% on the back of its annual results. Investors reacted positively to full year earnings coming in at top of guidance.
The company is part of a sector-wide campaign to keep pathology tests bulk billed.
Healius has been trading at $1.65.