Australia's Cochlear slumps as HY results, forecast disappoint

Cochlear

14/02/2025 24:13

** Shares of Cochlear  COH.AX  fall 11% to A$271.03, set for
their worst day since March 2020, if losses hold    
    ** Hearing implants maker reports HY underlying NPAT of
A$206 million ($206.00 million), missing Visible Alpha consensus
of A$209.3 million
    ** Expects FY underlying net profit to be at lower end of
A$410 million to A$430 million forecast range
    ** Expects single-digit decline in FY sales revenue
    ** COH stock among the worst performers on ASX 200 benchmark
index  .AXJO 
    ** COH, one of the priciest stocks of the country, down ~6%
YTD, including day's moves


($1 = $1.0000)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com))