Here’s why these 4 ASX shares are soaring today

Although the local share market is actually sitting in the red for the session so far, there are a number of big-name companies whose shares have made considerable gains today – all due to positive earnings reports. Here are four of those companies…

a2 Milk Company Ltd (Australia) (ASX: A2M) shares have risen 6.9%, although they did rise as much as 22.7% earlier. The dairy company, which also produces a popular infant formula product, reported its half-year results this morning, including a huge lift in revenues and earnings. Better yet, it increased its earnings guidance for the full-year as well.

Domino’s Pizza Enterprises Ltd. (ASX: DMP) shares have risen 10% to $57.57 after hitting a high of $61.99 earlier, a rise of 18.4%. Although the company reported a slight decrease in same-store-sales in Japan, the results were otherwise very impressive including same-store-sales growth of 13.8% in Australia and New Zealand. This was largely driven by one of its marketing campaigns, together with its focus on technology.

Primary Health Care Limited (ASX: PRY) produced a mixed set of earnings results, although investors certainly seemed to appreciate them. Although the healthcare group cut its dividend, its shares still soared 20% to $2.64 after it reported a 28.5% lift in net profit after tax (NPAT) and said it was expecting a stronger second half of the year.

Reject Shop Ltd (ASX: TRS) shares also gained a quarter of their value today, lifting 25% to $12.62. They hit a high of $12.73 earlier which was their highest price since early 2014. The discount variety retailer reported a 5.6% lift in sales (comparable sales were up 4.4%) for the 26 weeks ended 27 December 2015, while NPAT rose 43% despite a sharp fall in the Australian dollar.

BRAND NEW! Our Top Dividend Stock for 2016

Our resident dividend expert names his Top Dividend Share for 2016. Not only are the shares dirt cheap, the company is trading on a fat, fully franked dividend yield. Simply click here to gain access to this comprehensive FREE investment report, including the name of this fast growing ASX dividend share. No credit card required!

Motley Fool contributor Ryan Newman 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. You can follow Ryan on Twitter @ASXvalueinvest.

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.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.