Australia's Sonic Healthcare extends losses on profit forecast downgrade

Sonic Healthcare

22/05/2024 05:21

** Shares of Sonic Healthcare  SHL.AX  fall as much as 2.44%
to A$24.4, extending losses from previous session
    ** Analysts at Morgan Stanley forecast for the healthcare
provider an FY24 EBITDA of A$1.64 billion ($1.09 billion) on
revenue of A$8.9 bln   
    ** Co said on Tuesday it expects FY24 EBITDA of A$1.6 bln,
compared with previous forecast of A$1.7 bln-A$1.8 bln
    ** Brokerage forecasts FY25 EBITDA of A$1.86 bln, while co
forecasts EBITDA of A$1.70 bln-A$1.75 bln in FY25
    ** About 2.1 mln shares changed hands by 0415 GMT, 1.4 times
the 30-day average volume of shares
    ** Stock has fallen 22.04% this year, as of last close
    
    

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))