It has been a disappointing day of trade for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). At the time of writing the benchmark index is down 1.1% to 6,119.6 points.
Four shares that have defied the market decline and pushed higher today are listed below. Here's why they are storming higher:
The Caltex Australia Limited (ASX: CTX) share price has risen 5% to $29.02 following the release of the fuel retailer's full year results. Caltex delivered a RCOP net profit after tax of $558 million, which was above the guidance it provided in December. Management also announced an off-market buy-back of $260 million that is expected to complete in the second quarter.
The Experience Co Ltd (ASX: EXP) share price has rocketed 27% higher to 33 cents after the adventure company released its half year results. Despite some unfavourable weather conditions and softer tourism numbers, the company achieved half year underlying EBITDA growth of 31.1% to $17.3 million. Management also confirmed that it is on track to deliver on its FY 2019 underlying EBITDA guidance of between $30 million and $33 million.
The Orocobre Limited (ASX: ORE) share price is 8% higher to $3.81 despite there being no news out of the lithium miner. The only bit of news I'm aware of is a broker note out of Macquarie this morning. Its analysts have retained neutral rating and lifted the price target on Orocobre's shares to $3.40 after its first half result came in ahead of the broker's expectations thanks largely to one-off gains.
The Speedcast International Ltd (ASX: SDA) share price has jumped 8% to $3.61 following the release of the remote communications and IT services provider's full year results. After a disappointing first half, the company performed better in the second half and delivered full year revenue growth of 21% to US$623 million and underlying EBITDA growth of 7% to US$132 million.
