The S&P/ASX 200 Index (ASX: XJO) is on course to end the week with the smallest of gains. In afternoon trade, the benchmark index is up a fraction to 7,436.6 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are rising:
Fisher & Paykel Healthcare Corp Ltd (ASX: FPH)
The Fisher & Paykel Healthcare share price is up 6% to $24.60. This follows the release of the medical device company's FY 2023 guidance this morning. According to the release, the company expects full year operating revenue for the 2023 financial year to be within the range of approximately NZ$1.55 billion to NZ$1.60 billion. While this will be down slightly on FY 2022's operating revenue of NZ$1.68 billion, it still appears to be better than feared.
Pilbara Minerals Ltd (ASX: PLS)
The Pilbara Minerals share price is up 8.5% to $4.36. Investors have been scrambling to buy this lithium miner's shares following the release of a strong quarterly update. Pilbara Minerals' production, sales volumes, lithium prices, and unit costs all improved quarter on quarter. It also revealed that it is swimming in cash. The company's cash balance lifted from $1.375 billion at the end of September to $2.226 billion at the end of December.
Resolute Mining Ltd (ASX: RSG)
The Resolute share price is up 8% to 28 cents. This follows a decent rise in the gold price overnight. It isn't just Resolute Mining that is rising today. Plenty of other ASX gold miners are climbing with it. This has seen the S&P/ASX All Ordinaries Gold index rise almost 2% on Friday afternoon.
Whitehaven Coal Ltd (ASX: WHC)
The Whitehaven Coal share price is up over 6% to $9.51. This morning, this coal miner released its second quarter update and revealed further strong prices. As a result, the company commanded a record high coal price for the first half. In light of this, management expects to more than quadruple its first half operating earnings.
