In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small gain. At the time of writing, the benchmark index is up 0.25% to 7,341.5 points.
Four ASX shares that are rising more than most today are listed below. Here's why they are climbing:
Flight Centre Travel Group Ltd (ASX: FLT)
The Flight Centre share price is up 4.5% to $21.78. Investors have been buying this travel agent giant's shares after it upgraded its earnings guidance for FY 2023. Flight Centre now expects underlying EBITDA between $295 million and $305 million. This is up from between $270 million and $290 million previously.
Mineral Resources Ltd (ASX: MIN)
The Mineral Resources share price is up 6% to $76.47. This has been driven by news that the mining and mining services company has amended the terms of the transactions it signed with lithium giant Albemarle Corp (NYSE: ALB) in February. This will see Mineral Resources' share of the Wodgina lithium mine increase to 50% and Albemarle take full ownership of the Kemerton lithium hydroxide plant.
Nuix Ltd (ASX: NXL)
The Nuix share price is up 38% to $1.13. Investors have been buying this investigative analytics and intelligence software provider's shares following the release of a trading update. That update reveals that Nuix expects its underlying EBITDA to be between $44 million and $47 million in FY 2023. This will be up 51% to 61% year on year.
Zip Co Ltd (ASX: ZIP)
The Zip share price is up 4.5% to 45.5 cents. This follows the release of the buy now pay later provider's quarterly update. Zip reported a 6.4% increase in quarterly transaction volume to $2.3 billion and a 21.1% lift in revenue to $193.8 million. Another positive was that its US credit loss rates were down 35 basis points quarter on quarter to 0.85% of TTV. This helped the US business achieve positive EBTDA on a monthly basis at the end of FY 2023.
