In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record another solid gain. At the time of writing, the benchmark index is up 0.5% to 7,098.6 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are charging higher:
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BHP Group Ltd (ASX: BHP)
The BHP share price is up 5% to $40.72. This follows the release of the mining giant's full year results this morning. For the 12 months ended 30 June, BHP reported a 16% increase in underlying EBITDA from continuing operations to a record US$40,634 million. A key driver of BHP's growth was its coal operations, which delivered significant earnings growth thanks to sky high prices.
Life360 Inc (ASX: 360)
The Life360 share price is up almost 6% to $5.82. This morning the location intelligence company released its first half results and revealed the more than doubling of its revenue to US$99.8 million and a 65% increase in annualised monthly revenue to US$174.4 million. Looking ahead, management expects its revenue to grow to between US$245 million and US$260 million for the calendar year.
Tassal Group Limited (ASX: TGR)
The Tassal share price is up 5% to $5.14. Investors have been buying this seafood company's shares after it received and accepted a $5.23 per share takeover offer from Canada's Cooke Inc. This latest offer implies an equity value of approximately $1.1 billion and an enterprise value of $1.7 billion.
Temple & Webster Group Ltd (ASX: TPW)
The Temple & Webster share price is up 30% to $5.72. This follows the release of a full year result that impressed the market. The online furniture retailer reported a 31% increase in revenue to $426.3 million and an EBITDA margin towards top end of guidance at 3.8%. Management also lifted its EBITDA margin guidance for FY 2023 to 3% to 5% from 2% to 4%.
