Why Challenger, Hansen, JB Hi-Fi, and Temple & Webster shares are surging today

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

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The S&P/ASX 200 Index (ASX: XJO) is fighting hard to stay in positive territory. In afternoon trade, the benchmark index is up a fraction to 7,615.3 points.

Four ASX shares that are rising more than most today are listed below. Here's why they are surging:

Challenger Ltd (ASX: CGF)

The Challenger share price is up 7% to $7.05. This follows the release of the annuities company's half-year results. Challenger posted a 16% increase in normalised net profit before tax of $290 million and an 80% jump in statutory net profit after tax to $56 million.

Hansen Technologies Limited (ASX: HSN)

The Hansen share price is up almost 6% to $5.39. This morning, the billing software provider announced the acquisition of Powercloud GmbH for an equity value of ~A$49 million. Powercloud is a leading provider of mission-critical billing and customer management software products to utility companies and regional municipalities across Germany. It is expected to add FY 2025 revenues of approximately A$40 million to A$46 million and is anticipated to become EBITDA accretive within the financial year ending June 2025.

JB Hi-Fi Limited (ASX: JBH)

The JB Hi-Fi share price is up a further 5% to $63.57. Investors have been buying the retailer's shares since the release of its half year results on Monday. Although JB Hi-Fi's total sales were down 2.3% to $5.16 billion and its earnings before interest and tax (EBIT) fell 20% to $386.7 million, this was still comfortably ahead of the market's expectations.

Temple & Webster Group Ltd (ASX: TPW)

The Temple & Webster share price is up almost 11% to $11.09. This follows the release of the online furniture and homewares retailer's half-year results. Temple & Webster reported a 23% increase in revenue to a record of $254 million and a 3% lift in EBITDA to $7.5 million. The latter meant an EBITDA margin at the top end of its guidance range.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Temple & Webster Group. The Motley Fool Australia has recommended Challenger, Jb Hi-Fi, and Temple & Webster Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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