Australia's Nanosonics hits 2-year low on forecast miss
25/08/2026 01:34
BUZZ-Australia's Nanosonics hits 2-year low on forecast miss Aug 25 (Reuters) - ** Shares of Australia's Nanosonics NAN.AX fall as much as 23.6% to A$2.810, heading for their worst session since January 24, 2024, if current losses hold
** Stock hits its lowest level since August 26, 2024
** Medtech firm forecasts FY27 total revenue between A$220 million and A$228 million ($157.39 million-$163.11 million), missing the Visible Alpha consensus estimate of A$230 million
** Co posts FY26 revenue of A$203.9 million, compared with VA consensus of A$211 million
** Stock down 25.4% YTD, including session's moves
($1 = 1.3978 Australian dollars)
(Reporting by Shravya Marakini in Bengaluru)
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