It was a mixed day for the S&P/ASX 200 Index (INDEXASX: XJO) on Wednesday as the benchmark index climbed 0.43% higher at 7,144.60 points.
Some strong results in the February earnings season saw Healthcare (+2.81%) and Consumer Discretionary (+1.74%) shares climb higher. Information Technology (-3.24%) was the hardest hit sector on a Wednesday full of big share price moves.
Here's a recap of the news, announcement and events that you missed on another strong day for Aussie equities.
Cleanaway shares jump higher on strong result
The Cleanaway Waste Management Ltd (ASX: CWY) share price jumped 16.67% higher yesterday after a strong half-year result.
Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 2.5% to $234.6 million as underlying net profit after tax increased by 13.7% to $76.2 million.
Free cash flow slumped 25.8%, lower but management still increased its interim dividend by 21.2% to 2 cents per share.
That strong result from the ASX 200 waste management group saw its shares climb higher on Wednesday to $2.24 per share.
Webjet climbs, are coronavirus concerns overblown?
Webjet Limited (ASX: WEB) was another of the ASX 200 shares to see double digit gains on Wednesday.
The Webjet share price closed 10.82% higher at $13.72 per share as it put aside coronavirus concerns to post a strong half-year result.
Webjet posted underlying EBITDA up 43% to $86.3 million as its underlying EBITDA margin surged 523 basis points to 39.6%.
The travel group's revenue jumped 24% to $217.8 million while underlying net profit surged 36% to $43.2 million.
Webjet shareholders will be pleased with yesterday's result after a soft start to the year amid the ongoing coronavirus outbreak.
WiseTech shares plunge 27% – which ASX tech share is next?
The WiseTech Global Ltd (ASX: WTC) share price was one of the big losers on Wednesday in a bad day for Aussie tech shares.
WiseTech shares fell a whopping 27.31% to $21.40 per share after downgrading guidance at its half-year results release. Management warned that the coronavirus outbreak could have a profound impact on its second-half performance.
China is a core manufacturer and ongoing restrictions could hit global GDP growth and supply chain efficiency. That's put WiseTech's second-half earnings under pressure and its ASX shares were sold down heavily.
This comes after a disappointing result from Altium Limited (ASX: ALU) on Monday and a similar crash from Nearmap Ltd (ASX: NEA) in January.
