F and P Healthcare beats 2013 guidance, forecasts boost in 2014 profit; shares gain to 2 ½ year high

Wed, 22 May 2013

By Tina Morrison May 23 (BusinessDesk) - Fisher & Paykel Healthcare, which makes breathing masks and respirators, expects to beat analyst expectations for 2014 profit as it surpassed its own guidance for 2103 profit today as a result of revenue growth, improved gross margins and operating efficiencies. The shares rose to a two-and-a-half year high. Profit is likely to be $85 million to $90 million in the year ending March 13, 2014, managing director Michael Daniell said in a statement today. That's more than the $79 million-to-$83 million ra...

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