F and P Healthcare shares jump to highest in more than 2 years on profit outlook

Thu, 23 May 2013

By Tina Morrison May 23 (BusinessDesk) - Shares in Fisher & Paykel Healthcare jumped to their highest in more than two years as the maker of breathing masks and respirators said it expects to beat analyst estimates for 2014 profit after surpassing its own guidance for 2013. F&P Healthcare shares surged 5.9 percent to $3.21, the highest since Feb. 1, 2011, when it touched $3.22. The stock has surged 23 percent so far this year. Profit is likely to be $85 million to $90 million in the year ending March 13, 2014, managing director Michael Danie...

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