Here's why these 4 shares smashed the market today

Could there be more where that came from for shareholders in Farm Pride Foods Ltd. (ASX:FRM), Shine Corporate Ltd (ASX:SHJ), Kathmandu Holdings Ltd (ASX:KMD), and Cardno Limited (ASX:CDD)?

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The S&P/ASX 200 (INDEXASX: ^AXJO)(ASX: XJO) stepped above 5,000 points again this morning, rising 0.75% to 5,043 points.

A number of companies significantly outperformed the market today, and as companies file their half-yearly reports over the next few weeks we can expect plenty more where that came from.

Here's what you need to know:

Farm Pride Foods Ltd. (ASX: FRM) skyrocketed 29% to $1.71 today after the company announced its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the six months to December 2015 should be in the range of $7.5m -$8.5m, a significant increase from the previous year.

Shares in Farm Pride Foods are up 450% in the past 12 months.

Shine Corporate Ltd (ASX: SHJ) gained 5% to $0.56 today after the bargain hunters took a closer look at the business. Shine's shares lost 75% of their value just last week after management announced a significant cut to their full-year forecasts as a result of overly optimistic Work-In-Progress (WIP) accounting. While many are debating the merits of publicly listed law firms, Shine now trades on a very low earnings multiple, and doesn't have to do a whole lot to justify today's prices.

That is, of course, assuming there isn't more bad news yet to come.

Kathmandu Holdings Ltd (ASX: KMD) jumped 12% to $1.54 after announcing a huge increase to earnings and profits for the first half of this financial year. Management also announced sizeable revenue and same-store sales growth that was profitable thanks to cost efficiencies achieved by the company.

Despite today's rise, Kathmandu shares are down 26% for the year, and down 12.5% since their debut in 2009.

Mineral Resources Limited (ASX: MIN) rose 6% to $3.93 as investors digested Friday afternoon's quarterly activities report, which revealed mining operations were in line with forecasts and efficiency gains continue to be made at the company's mining operations. Mineral Resources also recently announced an offtake agreement with a Chinese buyer for its Mt Marion lithium project.

Mineral Resources shares are down 42% in the past 12 months.

Motley Fool contributor Sean O'Neill has no position in any stocks mentioned. Unless otherwise noted, the author does not have a position in any stocks mentioned by the author in the comments below. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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