The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has recovered from its early decline and is pushing higher in afternoon trade. At the time of writing the benchmark index is up over 0.1% to 6,308.2 points.
Four shares that have climbed more than most today are listed below. Here's why they are posting strong gains:
The CSL Limited (ASX: CSL) share price has pushed 4% higher to $209.78. This morning the global biotech giant reported 15% growth in revenue to US$7.6 billion and 29% growth in net profit after tax to US$1.73 billion. The profit result was just ahead of its updated guidance. In FY 2018 management expects net profit after tax to be in the range of US$1,880 to US$1,950 million in constant currency terms. This represents annual growth of between 10% and 14%.
The Domino's Pizza Enterprises Ltd (ASX: DMP) share price has rebounded strongly from yesterday's decline with a 5% rise to $51.51. A number of positive broker notes were released today declaring the pizza chain operator's shares as a buy. One of the more bullish notes came out of Morgan Stanley. Its analysts have retained their overweight rating and massive $65.00 price target largely on the belief that the market is underappreciating the growth opportunities the company has in Europe.
The HT&E Ltd (ASX: HT1) share price is up almost 7% to $2.53 following the release of the media and advertising company's half-year results. In the first-half HT&E posted a 57% rise in net profit after tax from continuing operations to $13.5 million on a 10% increase in revenue to $137 million.
The Zip Co Ltd (ASX: Z1P) share price has climbed 3.5% to 97 cents after the payment solutions company announced a deal with Virgin Australia Holdings Ltd (ASX: VAH). According to the release, Zip's interest-free payment service will soon be available to Virgin Australia customers. This builds on a deal signed with Virgin Australia subsidiary Tigerair earlier this year and could put it in a position to achieve its target of $1 billion of transaction volume in FY 2019.
