In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on form and charging higher. At the time of writing, the benchmark index is up 0.6% to 7,164.9 points.
Four ASX shares that are rising more than most today are listed below. Here's why they are pushing higher:
Domino's Pizza Enterprises Ltd (ASX: DMP)
The Domino's share price is up over 9% to $52.61. This follows the release of the pizza chain operator's FY 2023 results this morning. Although its results were disappointing (as expected), a strong start to the new financial year appears to have excited the market. Management advised: "Domino's has commenced FY24 with strong sales growth from Europe (+6.6% SSS) and Australia/New Zealand (+6.6% SSS)."
IDP Education Ltd (ASX: IEL)
The IDP Education share price is up almost 9% to $25.32. This morning, the language testing and student placement company released its FY 2023 results and reported a 24% increase in revenue to a record of $982 million. Things were even better on the bottom line thanks to margin expansion. This saw IDP's adjusted net profit after tax jump 45% to $154.2 million.
McMillan Shakespeare Ltd (ASX: MMS)
The McMillan Shakespeare share price is up 13% to $22.05. Investors have been buying this salary packaging company's shares after it released its FY 2023 results. The company reported a 5.3% lift in normalised revenue to $625.6 million and a 3% lift in underlying profit after tax to $86.2 million. Despite its modest profit growth, the McMillan Shakespeare board decided to boost its dividend by 14.8% to $1.24 per share.
NextDC Ltd (ASX: NXT)
The NextDC share price is up 3.5% to $13.54. This follows the release of a trading update this morning. Following recent customer wins, the data centre operator's contracted utilisation has increased by 25MW or 21% to 145MW since 12 April. Revenue for the majority of the new customer contract wins is expected to be progressively recognised from early FY 2025.
