WA shipbuilder Austal released an updated earning guidance that slashed its forecasted earnings from $58 million to a potential loss of $10 million after slower production at its new steel manufacturing line in the US.
By Charlie Ormond,
Woodside Energy shares were up by 1% today after both oil crude benchmarks passed their 52-week average. Brent crude is currently at US$ 82.85 as supply remains constrained by OPEC for the foreseeable future.
By Charlie Ormond,
Micro-X shares were up by 28.57% after the announcement today of the extension of its contract with the DHS to build and test a self-screening airport module. The contract is worth up to AU$21 million and will see testing that will eventually progress to a pilot program in one or more US airports.
By Charlie Ormond,
Flight Centre posted improved earnings estimates for FY23 after travel demand regained its pre-pandemic footing. Shares were up by 4.95% today after the announcement, signalling further optimism by investors for a return to regular travel.
By Charlie Ormond,
Counter-drone and electronic warfare supplier Droneshield saw its stock rocket up by 28.3%, trading at 34 cents per share after announcing a significant US $33 million contract with the US Government. This is set to be a back-to-back record year for the Sydney-based company.
By Charlie Ormond,
Ansell shares have fallen by 14.48% today after releasing a trading update forecasting falling sales in FY2024. The company has begun a campaign of business simplification and spending to drive earnings, but shareholders are anxious after seeing the past year’s gains wiped out in a day.
By Charlie Ormond,
Junior biotech Neuren Pharmaceuticals has signed an expanded licensing deal with its US distribution partner Acadia to expand the sale of its drug Daybue to global markets, pushing its stock price up by 16.24% today, trading at $13.53 per share.
By Charlie Ormond,
Alliance Airlines shares soared today, rising by 13.43% after the company announced it has surpassed the top end of its profit guidance by $1.69 million and shared plans for expansion of its fleet of E190s.
By Charlie Ormond,
KMD Brands announced profit guidance of EBITDA between $105–110 million, with record sales surpassing $1 billion, a first for the company. Shares were down by 8.76% despite the positive news as investors remained wary of early signs of poor winter sales.
By Charlie Ormond,
Energy One laid rumours to rest today, announcing it will meet profit guidance for the 2HFY23, with an expected EBITDA of $12.3 million for the entire financial year. Shares were up 5.11% after the news, trading at 19 cents per share.
By Charlie Ormond,
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