S&P/ASX 200 Index (ASX: XJO) shares remain in the red on Tuesday amid the Reserve Bank of Australia announcing the first interest rate cut in more than four years today.
The ASX 200 is currently down 0.47% as earnings season continues on Tuesday.
Analysts say expectations of a rate cut were so high that ASX investors had already priced in the move.
Meantime, several ASX shares have reached new price highs amid today's rate cut party.
Let's check them out.
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ASX shares ripping to new highs today
Hub24 Ltd (ASX: HUB)
This ASX financial share hit a record high of $92.65 today after the investment platform provider released its 1H FY25 results.
Hub24 reported a 25% increase in total revenue to $195.2 million and a 41% increase in underlying earnings before interest, taxes, depreciation, and amortisation (EBITDA) to $77.6 million.
Management upgraded its FY26 platform funds under administration target from $115 billion to $123 billion to $123 billion to $135 billion.
Monadelphous Group Ltd (ASX: MND)
This ASX industrials share lifted to a five-year high of $16.79 today.
The engineering and mining services company reported its 1H FY25 results today.
The company revealed a 4.2% increase in revenue to $1.05 billion and a 30.2% lift in EBITDA to $79.8 million. The net profit after tax (NPAT) was impressive at $42.5 million, up 41.3%.
Judo Capital Holdings Ltd (ASX: JDO)
The Judo share price hit a three-year high of $2.22 after the small business lender released its 1H FY25 results.
Judo Capital posted a 33% increase in underlying profit before tax to $56.7 million and a 70% jump in statutory net profit after tax to $40.9 million.
A2 Milk Company Limited (ASX: A2M)
This ASX consumer staple share hit a new 52-week high of $7.40 on Tuesday.
The company reported its 1H FY25 results and announced its maiden dividend yesterday.
A2 Milk revealed a 10.1% increase in revenue to NZ$893.8 million and a 5% lift in EBITDA to NZ$118.9 million. The NPAT was 7.6% higher at NZ$91.7 million.
Management upgraded its revenue and EBITDA margin guidance and announced an inaugural dividend of 8.5 NZ cents per share.
BlueScope Steel Limited (ASX: BSL)
Bluescope shares lifted to a three-and-a-half-year high of $26.05 on Tuesday.
The steel company released its 1H FY25 results yesterday.
BlueScope reported a sizeable 59% decline in NPAT to $179.1 million. It appears investors were expecting a worse result, judging by the 13% two-day lift in the Bluescope share price.
Codan Ltd (ASX: CDA)
This ASX 200 technology stock smashed a four-year high of $17.29 despite no news from the company today.
Codan will release its 1H FY25 results on Friday.
Bega Cheese Ltd (ASX: BGA)
The Bega Cheese share price rose to a five-year high of $6.02 today.
Bega Cheese will report its 1H FY25 results on Thursday.
Netwealth Group Ltd (ASX: NWL)
This ASX financial share rose to an all-time high of $33.18 today.
Netwealth will report its 1H FY25 results on Thursday.
Coles Group Ltd (ASX: COL)
This ASX consumer staple share reached a new all-time high of $19.84 today.
Coles will reveal its 1H FY25 report next Thursday, 27 February.
