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By Rajasik Mukherjee
(Reuters) - Shares of Challenger Ltd rose to their highest levels in nearly 16 months on Tuesday after the Australian investment management firm beat estimates on annual earnings, while investors also cheered its fiscal 2025 earnings outlook.
The stock gained as much as 10% to hit its highest level since Feb. 20, 2023. Shares marked their biggest intraday jump since Oct. 20, 2022, and are poised for a fifth consecutive sessions of gains, if trend holds.
Challenger reporte...
>>> Read more: Australia's Challenger climbs to 1-1/2-year high on bright outlook, annual earnings beat
(Reuters) - Shares of Challenger Ltd rose to their highest levels in nearly 16 months on Tuesday after the Australian investment management firm beat estimates on annual earnings, while investors also cheered its fiscal 2025 earnings outlook.
The stock gained as much as 10% to hit its highest level since Feb. 20, 2023. Shares marked their biggest intraday jump since Oct. 20, 2022, and are poised for a fifth consecutive sessions of gains, if trend holds.
Challenger reporte...
>>> Read more: Australia's Challenger climbs to 1-1/2-year high on bright outlook, annual earnings beat
