Why BHP, Life360, Tassal, and Temple & Webster shares are charging higher

These ASX shares are having strong days…

| More on:
a young woman raises her hands in joyful celebration as she sits at her computer in a home environment.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record another solid gain. At the time of writing, the benchmark index is up 0.5% to 7,098.6 points.

Four ASX shares that are climbing more than most today are listed below. Here's why they are charging higher:

BHP Group Ltd (ASX: BHP)

The BHP share price is up 5% to $40.72. This follows the release of the mining giant's full year results this morning. For the 12 months ended 30 June, BHP reported a 16% increase in underlying EBITDA from continuing operations to a record US$40,634 million. A key driver of BHP's growth was its coal operations, which delivered significant earnings growth thanks to sky high prices.

Life360 Inc (ASX: 360)

The Life360 share price is up almost 6% to $5.82. This morning the location intelligence company released its first half results and revealed the more than doubling of its revenue to US$99.8 million and a 65% increase in annualised monthly revenue to US$174.4 million. Looking ahead, management expects its revenue to grow to between US$245 million and US$260 million for the calendar year.

Tassal Group Limited (ASX: TGR)

The Tassal share price is up 5% to $5.14. Investors have been buying this seafood company's shares after it received and accepted a $5.23 per share takeover offer from Canada's Cooke Inc. This latest offer implies an equity value of approximately $1.1 billion and an enterprise value of $1.7 billion.

Temple & Webster Group Ltd (ASX: TPW)

The Temple & Webster share price is up 30% to $5.72. This follows the release of a full year result that impressed the market. The online furniture retailer reported a 31% increase in revenue to $426.3 million and an EBITDA margin towards top end of guidance at 3.8%. Management also lifted its EBITDA margin guidance for FY 2023 to 3% to 5% from 2% to 4%.

Motley Fool contributor James Mickleboro has positions in Life360, Inc. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Life360, Inc. and Temple & Webster Group Ltd. The Motley Fool Australia has recommended Temple & Webster Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Gainers

A man and woman sit next to each other looking at each other and feeling excited and surprised after reading good news about their shares on a laptop.
Share Gainers

Why Bega Cheese, Domino's, Lovisa, and Universal Store shares are rocketing today

These ASX shares are catching the eye on Thursday. But why?

Read more »

A smiling man at a shop counter takes payment from a female customer, with racks of plants in the background.
Share Gainers

The Wesfarmers share price is rising again. Should I buy the stock now?

The conglomerate reported warmly received results last week and announced a large dividend.

Read more »

Shot of a young scientist using a digital tablet while working in a lab.
Share Gainers

If you'd put $20,000 in this ASX healthcare stock during COVID-19, you'd have $257,000 now

You could have become filthy rich in just 4 years. Just think about that.

Read more »

three businessmen high five each other outside an office building with graphic images of graphs and metrics superimposed on the shot.
Share Gainers

Why Codan, Domino's, Lottery Corp, and Wisetech shares are storming higher today

These ASX shares are avoiding the market weakness today. But why?

Read more »

The silhouettes of ten people holding hands with their arms raised against the sky, as the sun rises or sets in the background.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors endured a mildly negative session on the stock market this Tuesday.

Read more »

Man pointing at a blue rising share price graph.
Technology Shares

Guess which beaten-up ASX 300 tech stock is rocketing 15% today

This once much-loved tech company has lost 98% of its value over the past three years.

Read more »

a woman holds her hands up in delight as she sits in front of her lap
Share Gainers

Why ARB, Bravura, Hub24, and Suncorp shares are storming higher

These ASX shares are having a strong session on Tuesday. But why?

Read more »

Man with rocket wings which have flames coming out of them.
Share Gainers

2 rocketing ASX shares you need to think about getting on board

Just because a stock has surged already doesn't mean it can't do so in the future.

Read more »