Shares of the Australian tech company Codan rise by as much as 3.7% to A$7.9, which is their highest value since July 20, following an announcement that the firm’s fiscal year revenue of A$457 million ($294.54 million) surpassed the IBES estimate of A$431.9 million.

In response to the news, analysts at Canaccord Genuity raised their price target to A$8.63 from A$8.46, while maintaining a ‘buy’ rating.

According to the brokerage, the significant achievement of the Metal Detection segment and a 9% growth of the communications order book entering FY24 should be highlighted.

Despite the lack of detailed information, it appears that margins declined slightly in 2H23.

Nonetheless, the FY23 result exhibited substantial margin expansion, notes Canaccord.

As of last close, Codan’s stock has surged 86.83% this year.

Codan (ASX:CDA) is an Australian technology firm widely known for its metal detection and communication solutions.

Lumos Diagnostic Holdings (ASX:LDX) shares are surging, with as much as a 29.6% rise to A$0.092, marking their most significant intraday percentage increase since July 4.

The diagnostics solutions provider has inked an agreement with Henry Schein B.V., which forms part of U.S.-based health care products distributor Henry Schein Inc.

This agreement pertains to the FebriDx point-of-care (POC) test.

The partnership broadens the distribution of FebriDx, a rapid POC test designed to differentiate viral and bacterial acute respiratory infection, through Henry Schein’s medical business in the Netherlands.

The company’s stock reached its highest level since July 10.

Over 50 million shares were traded, compared to a 30-day average of approximately 27.9 million shares.

As of the most recent closing, the stock has gone up about 47.9% this year.

Lumos Diagnostic Holdings (ASX:LDX) is a provider of diagnostic solutions.

Splitit (ASX:SPT) shares rise to A$0.095, marking a 25% jump and recording their biggest intraday percentage gain since January 16.

This surge is noticeable on the Australian Securities Exchange market today.

The Tel Aviv-based buy-now-pay-later company recently signed a definitive agreement for a $50 million investment from funds guided by Motive Partners.

This agreement is expected to expedite Splitit’s growth and facilitate the implementation of its strategic plan.

Furthermore, the company’s stock, which had a 52.5% decrease this year until the prior close, has now reached the highest level since June 29.

Splitit is an Israel-based payment platform that specializes in dividing purchases into monthly installments without incurring interest or fees.

Endeavour Group (ASX:EGP) announced an annual profit of A$529 million, showing an increase from last year’s A$495 million.

The company’s sales also saw an upward trend, growing 2.5% to total A$11.9 billion for the year.

In further news, the firm declared it’s set to payout a fully franked final dividend of 7.5 AU cents per ordinary share.

The trading activities have demonstrated resilience in the first six weeks of the new financial year.

Going forward, Endeavour Group is aiming to achieve additional savings of A$200 million over the next three years.

The early stages of their hotel optimization program are also underway, with anticipations to deliver operational efficiencies through the financial year of 2024.

Endeavour Group is a company focused on the retail of alcoholic beverages.

Microequities Asset Management (ASX:MAM) has posted its FY profit from ordinary activities after tax.

The company reported an attributable profit of A$5.7 million, a stark decline from the previous year’s A$14.1 million.

In addition to this, the company’s recurring revenue stood at A$10.1 million for the fiscal year.

Further, the group declared a fully franked final dividend of 1.5 AU cents per ordinary share.

Microequities Asset Management is a company that specializes in providing investment management and financial services.

Australia’s Little Green Pharma (ASX:LGP) announced that CEO Fleta Solomon is set to step down from her position by the end of August.

The company further revealed that Paul Long has been appointed to succeed Solomon as the incoming CEO.

Little Green Pharma is an Australian company that specializes in the production and distribution of medicinal cannabis.

Australia’s technology stocks are facing a sharp decline of 3%, marking its worst intraday drop in almost four weeks.

This slump is mirroring Wall Street’s downturn, which saw major indexes closing at significantly low levels upon the release of stronger-than-expected retail sales data.

This data signaled that interest rates could remain high for an extended period.

XRO (ASX:XRO) and Block listed shares on ASX were among the hardest hit, experiencing drops of 2.4% and 3.5% respectively.

WiseTech Global (ASX:WTC), a sub-index component, suffered a significant blow, plummeting as much as 4.3% which marks its worst performing day in half a year.

Despite these setbacks, as of the latest close, AXIJ has seen a year-to-date jump of 36.7%.

XRO is a leading technology company specializing in software development and Block is a global financial services and digital payments company.

Shares of Seven West Media (ASX:SWM), an Australian media company, plummeted by 7.5% to A$0.370.

If it continues to decline at this rate, it would be the company’s worst day since April 20.

The shares have already reached their lowest since August 4.

Reporting their fiscal year outcomes, the media firm confirmed that their net profit attributable was down at A$145.7 million from last fiscal year’s profit of A$211.1 million.

The company also acknowledged a 3.3% drop in its full-year revenue, which came in at A$1.49 billion.

Despite this, Seven West Media (ASX:SWM)’s stock has seen an increase by 1.3% this year, up until the last close.

Seven West Media (ASX:SWM) is an Australian-based media company with a diverse range of multi-platform media businesses.

Lifestyle Communities (ASX:LIC) has made an announcement predicting settlements in the FY24 to be weighted towards the second half of the fiscal year.

They are also planning to deliver between 1,400 and 1,700 new home settlements between FY24 and FY26.

Over the next three years, the company anticipates that resale settlements, which attract DMF, will range from 550 to 750.

Lifestyle Communities is an Australia-based residential property development company, specializing in creating communities for people aged 50 and over.

Shares in Netwealth Group (ASX:NWL) have slipped as much as 3.9% to A$14.17, marking the potential for their worst trading day since July 14, contingent on whether these losses persist.

Despite reporting a higher FY net profit of A$67.2 million, an increase from the previous year’s A$55.6 million, the financial service company did not meet the Visible Alpha estimate of A$67.8 million.

Netwealth reported a FY2023 revenue of A$207 million, a rise from A$172.9 million in the previous year, and finalised a dividend of 13 AU cents per share.

The company added that it has commenced FY24 with an impressive pipeline and a high rate of success for new business across all its primary segments.

The shares hit their lowest point since August 4, yet they are up 21.9% this year as of the most recent market close.

Netwealth Group (ASX:NWL) is a financial services company widely recognized for its strong business pipelines and proficient operation in key market segments.