F&P Healthcare falls for second day

Thu, 24 Mar 2022

New Zealand's sharemarket dipped on Thursday as Fisher & Paykel Healthcare suffered another day of decline after providing earnings guidance yesterday morning.The S&P/NZX 50 Index fell 43 points, or 0.4%, to 12,017.61. Turnover was $151 million.On Wednesday morning, F&P Healthcare told the market it expected 2022 revenue to be just under $1.7 billion – a downgrade from the $1.75b Reuters consensus. Despite investors already expecting lower earnings, because hospitalisation rates have fallen thanks to vaccines and the...

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