NZ's Fisher & Paykel Healthcare tumbles as HY profit misses estimates

Fisher & Paykel Healthcare

28/11/2024 24:52

** New Zealand's Fisher and Paykel Healthcare  FPH.NZ  sheds
as much as 5.3% to NZ$36.38; biggest intraday pct decline since
May 26, 2023
    ** Medical devices maker's Australia-listed stock  FPH.AX  
drops as much as 4.6% to A$32.97, lowest since Nov. 7
    ** Posts HY net profit after tax of NZ$153.2 mln ($90 mln),
up 43% y/y, missing Visible Alpha consensus est of NZ$157 mln -
Citi
    ** NZ-listed stock one of top drags on benchmark S&P/NZX 50
index  .NZ50 
    ** Trims YTD gains to 57.3%

($1 = NZ$1.6955)

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))