F and P Healthcare lifts guidance as sales grow, margins widen; shares rally

Wed, 20 Feb 2013

Feb. 20 (BusinessDesk) – Fisher & Paykel Healthcare, which makes breathing masks and respirators, lifted its full-year guidance a second time as demand for new breathing masks helps speed sales and margins widen. The shares jumped 6.8 percent on the news. Net profit would rise be about $75 million in the year ending March 31, up 17 percent from a year earlier, the Auckland-based company said in a statement. That’s up from $69 million-to-$72 million range given in November and the $65 million-to-$69 million estimate in August. Sales growth du...

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