Australia's Cochlear set for biggest gain in more than a year after FY earnings beat
18/08/2026 02:02
BUZZ-Australia's Cochlear set for biggest gain in more than a year after FY earnings beat ** Shares of Australia's Cochlear COH.AX climb as much as 5.9% to A$139.000, heading for their biggest pct rise since April 10, 2025, if current gains hold
** Stock hits its highest level since April 21
** Implantable hearing solutions co posts FY adjusted net income of A$322.4 million ($229.16 million), beating IBES estimate of A$303.9 million
** FY sales A$2,343.4 million, above estimates of A$2,319 million
** Stock down 47.1% YTD, including sessions' moves
($1 = 1.4069 Australian dollars)
(Reporting by Shravya Marakini in Bengaluru)
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