In afternoon trade on Wednesday, the S&P/ASX 200 Index (ASX: XJO) is on course to snap its losing streak. The benchmark index is currently up 0.5% to 6,998.8 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are storming higher:
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Domino's Pizza Enterprises Ltd (ASX: DMP)
The Domino's share price is up 7% to $71.62. Investors have been buying this pizza chain operator's shares following the release of its full year results. Domino's reported a 4.6% increase in global sales to $3.92 billion but a 12.5% decline in net profit after tax to $165 million. While the latter was a touch lower than consensus estimates, this has been overlooked due to expansion news. Domino's revealed that it is expanding into Malaysia, Singapore, and Cambodia through the acquisition of 287 stores for $214 million.
Iluka Resources Limited (ASX: ILU)
The Iluka share price is up over 8% to $10.25. This morning Iluka released its half year results and revealed a 70.5% increase in underlying EBITDA to $525.5 million. This allowed the company to more than double its interim dividend to 25 cents per share.
Netwealth Group Ltd (ASX: NWL)
The Netwealth share price is up 9% to $14.25. This morning the investment platform provider released its full year results and revealed a 19.6% increase in revenue to $173.9 million and a 2.7% lift in net profit after tax to $55.6 million. Netwealth's profit was largely in line with consensus estimates.
WiseTech Global Ltd (ASX: WTC)
The WiseTech share price has jumped 11% to $59.02. This follows the release of the logistics solutions company's full year results. WiseTech reported a 25% increase in revenue to $632.2 million and a 71% increase in underlying net profit after tax to $181.8 million. The latter was ahead of the consensus estimate of $175.7 million.
