At lunch on Wednesday, the S&P/ASX 200 Index (ASX: XJO) is on course to record another gain. The benchmark index is currently up 0.3% to 7,524.1 points.
Here's what is happening on the ASX 200 today:
Image source: Getty Images
Afterpay results
The Afterpay Ltd (ASX: APT) share price is largely flat on Wednesday after the release of its full year results. The soon to be acquired buy now pay later provider reported a 90% increase in underlying sales to $21.1 billion and a 78% jump in total income to $924.7 million. This was driven by increased repeat use and a 63% increase in active customers to 16.2 million. Management advised that the Square-Afterpay transaction is on track to complete in the first quarter of calendar year 2022.
WiseTech Global share price rockets after smashing guidance
The WiseTech Global Ltd (ASX: WTC) share price is rocketing higher today after smashing its earnings guidance in FY 2021. The logistics solutions platform provider was targeting full year revenue of $470 million to $510 million and EBITDA of $165 million to $190 million. This morning it reported an 18% increase in revenue to $507.5 million and a 63% jump in EBITDA to $206.7 million. Looking ahead, management is guiding to EBITDA growth of 26% to 38% in FY 2022.
Zip shares lower on results
The Zip Co Ltd (ASX: Z1P) share price is trading lower on Wednesday following the release of its full year results. For the 12 months ended 30 June, the buy now pay later provider reported a 150% increase in revenue to $403.2 million. This was driven by a 178.5% jump in transaction volume to $5.8 billion, which was underpinned by a 247.5% increase in customer numbers to 7.3 million. The company also revealed that so far in FY 2022 total transaction value was up 58% in Australia and 240% in the United States.
Best and worst ASX 200 performers
The best performer on the ASX 200 on Wednesday by some distance has been the WiseTech share price with a 27% gain. This follows its stronger than expected full year results. The worst performer has been the Reece Ltd (ASX: REH) share price with a 9% decline. The plumbing parts company released its full year results after the market close on Tuesday.
