Why Aristocrat Leisure, Lifestyle Communities, Pro Medicus, & Zip shares pushed higher today

The Aristocrat Leisure Limited (ASX:ALL) share price and the Pro Medicus Limited (ASX:PME) share price are two of four climbing notably higher on Thursday…

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

a woman

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course to bounce back from yesterday's decline with a solid gain on Thursday. In afternoon trade the benchmark index is up 0.75% to 6,142.4 points.

Four shares that have climbed more than most today are listed below. Here's why they have pushed higher:

The Aristocrat Leisure Limited (ASX: ALL) share price is up 4% to $25.59 following the release of a trading update at its annual general meeting. According to the release, the leading gaming technology company is tracking in line with its plans for continued growth in FY 2019. Its Digital segment is expected to be a key driver of this growth.

The Lifestyle Communities Limited (ASX: LIC) share price has stormed 10% higher to $5.42 after the release of its half year results. In the first half of FY 2019 the retirement communities company achieved net profit after tax of $21.9 million, up 38% on the prior corresponding period. The strong result was driven by 186 new home settlements, up from 150 in the same period last year, and an increase in annuity income.

The Pro Medicus Limited (ASX: PME) share price has climbed 6% to $14.77 after the health imaging company released its half year results. During the first half Pro Medicus posted a 59.4% increase in revenue to $25.3 million and an impressive 79.9% jump in underlying net profit after tax to $9.2 million. Strong growth from all key markets helped drive the strong result.

The Zip Co Ltd (ASX: Z1P) share price has jumped 8% to $1.39 following the release of the payments company's half year results. Zip delivered a 114% increase in half year revenue to a record $34.2 million thanks to record transaction volume of $495.2 million. This was more than double the prior corresponding period. Cash EBTDA was positive a $2.4 million during the half, compared to a net outflow of $7.7 million a year earlier.

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. recommends Pro Medicus Ltd. The Motley Fool Australia owns shares of and has recommended Pro Medicus Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Gainers

a young woman raises her hands in joyful celebration as she sits at her computer in a home environment.
Share Gainers

Why Kingsgate, Neuren, Newcrest, and Pushpay shares are rising today

These ASX shares are avoiding the market selloff on Tuesday.

Read more »

A young woman wearing overalls and a yellow t-shirt kicks one leg in the air showing excitement over the latest ASX 200 shares to hit 52-week highs
Share Gainers

Why Neuren, Northern Star, Race Oncology, and Westgold shares are storming higher

These ASX shares are starting the week in a positive fashion.

Read more »

A woman wearing yellow smiles and drinks coffee while on laptop.
Share Gainers

Why APM, Macquarie Telecom, Northern Star, and Origin shares are rising today

These ASX shares are having a strong session despite the market selloff.

Read more »

Two boys with cardboard rockets strapped to their backs, indicating two ASX companies with rocketing share prices
Share Gainers

Catch these fast-rising 2 ASX shares before it's too late: Celeste

This pair of stocks rocketed up in February during reporting season, but are still great value for those willing to…

Read more »

three businessmen high five each other outside an office building with graphic images of graphs and metrics superimposed on the shot.
Share Gainers

Why Arafura, Myer, Volpara, and Xero shares are zooming higher

These ASX shares are making their shareholders smile on Thursday.

Read more »

medical asx share price represented by doctor giving thumbs up
Healthcare Shares

Guess which ASX biotech stock just rocketed 29% on big FDA news

The ASX healthcare share is attracting investor interest following FDA approval for its targeted cancer therapy compound.

Read more »

A man clenches his fists in excitement as gold coins fall from the sky.
Share Gainers

Why Mesoblast, PolyNovo, Pushpay, and Weebit Nano shares are charging higher

These ASX shares are having a strong session despite the market selloff.

Read more »

a young woman raises her hands in joyful celebration as she sits at her computer in a home environment.
Share Gainers

Why InvoCare, Pentanet, Sayona Mining, and Weebit Nano shares are storming higher

These ASX shares are having a strong session on Tuesday.

Read more »