Woolworths surges to 17mth high of $35/sh on earnings – just don’t ask about tobacco

Woolworths (ASX:WOW) has jumped +12% in afternoon trades per CBOE live data as investors shrugs off a significant item expense of $485M related to a Federal Court wage ruling, and instead eye Group NPAT (pre-significant items) up +16.4% vs pcp to $859M. Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.After that wage payout, group NPAT was actually down nearly -50% vs pcp, but clearly investors are keen t ...