In afternoon trade the S&P/ASX 200 index is on course to record a disappointing decline. At the time of writing the benchmark index is down 1.3% to 6,724.2 points.
Four shares that have not let that hold them back today are listed below. Here's why they are surging higher:
The ALS Ltd (ASX: ALQ) share price is up 8% to $8.72 following the release of a solid half year result. During the first half of FY 2020, the testing services company reported revenue from continuing operations of $919.1 million and underlying net profit after tax of $98.2 million. This was an 11.3% and 5.3% increase, respectively, on the prior corresponding period. Its profit beat its guidance range of $90 million to $95 million.
The Aristocrat Leisure Limited (ASX: ALL) share price has jumped 6% to $33.69 following the release of its full year results. In FY 2019 the gaming technology company achieved normalised operating revenue of $4,387.4 million and NPATA of $894.4 million. This was growth of 22.7% and 22.6%, respectively, on the prior corresponding period. The Americas and Digital segments were the stars of the show.
The Technology One Limited (ASX: TNE) share price is bouncing back from yesterday's sell off and is up 9% to $8.56. The SaaS company's shares tumbled lower on Tuesday following the release of its full year result. Technology One delivered revenue of $286 million and a profit before tax of $76.4 million. This was up 13% and 50% on the prior corresponding period.
The Webjet Limited (ASX: WEB) share price is up 3% to $12.78 following the release of its annual general meeting presentation. At the event Webjet provided its guidance for the full year. It expects FY 2020 underlying EBITDA, excluding one-off revenues and costs and the impact of AASB16, to be between $157 million and $167 million. This represents growth of approximately 26% to 34% over FY 2019.
