Fisher and Paykel Healthcare raises 2014 earnings forecast on higher sales, margins

Tue, 27 Aug 2013

By Tina Morrison Aug. 27 (BusinessDesk) – Fisher & Paykel Healthcare Corp, which makes breathing masks and respirators, raised its earnings forecast as new products boost sales and widen margins. Fisher & Paykel profit is likely to be $90 million to $95 million in the year ending March 31, up from its May forecast of $85 million to $90 million, and as much as 23 percent ahead of its 2013 profit of $77.1 million, the Auckland-based company said in a statement. Fisher & Paykel Healthcare, which competes with Resmed and Respironics, is boostin...

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