The ASX 200 opened higher on Thursday.
Materials, utilities, and energy sectors have supported the benchmark today.
As earnings season kicks off, investors are expective some positive triggers in the days ahead.
The Australian share market opened in the green on Thursday following a strong overnight closing on Wall Street. The domestic ASX 200 was also supported by gains in the materials, utilities, and energy sectors. In the first 10 minutes of opening, the benchmark index was trading 0.44% or 33 points up at 7,512. Similarly, the ASX All Ordinaries index was up 0.56% to 7,815.2. The volatility index fell, with the A-VIX coming down by 3% to 12.34.
The market is performing decently despite the consumer prices rising to a 40-year high in the US. The Dow Jones Industrial Average rose 1.01% to 34,564.59, while the S&P 500 surged 1.12% to 4,446.59. The NASDAQ Composite ended the session 2.03% higher at 13,643.59.
With earnings season kicking off, investors are expecting some positive triggers in the days ahead, which could help the broader market to see some robust gains.
On this note, let’s discuss how much these ASX-listed stocks reported in revenue in the first half of FY2022:
Cochlear Ltd (ASX:COH)
Cochlear is a healthcare group, which offers a range of implantable hearing solutions. The group operates through segments spanning US and Asia Pacific regions and sells products in over 100 countries.
The ASX-listed healthcare firm reported sales revenue rise of 10% to AU$815 million in 1HFY22. Cochlear’s implant unit sales increased 7%.
The stock is up 1% on year-to-date (YTD) basis. In the past one year, the stock has risen by nearly 0.5%.
Amcor CDI (ASX:AMC)
Amcor is a packaging company that runs in forms of Amcor Rigid Plastics and Amcor Flexibles mainly.
In the first half of FY22, Amcor reported a 12% rise in sales to US$6,927 million. The company’s earnings before interest and tax (EBIT) also surged by 5% to US$769 million.
The stock is down over 5% on a YTD basis. In the past one year, the stock has risen by over 2%.
Reece Ltd (ASX:REH)
Reece is engaged in the distribution of plumbing, bathroom, heating, ventilation, air-conditioning, waterworks, and refrigeration products in Australia, US, and New Zealand.
In 1HY22, Reece reported a 17% surge in sales revenue to AU$3,600 million. The company’s net profit after tax (NPAT) rose 28% to AU$157 million.
The stock is down over 39% on a YTD basis. In the past one year, the stock has dropped nearly 14%.
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