Shares in F&P Healthcare rise to a record as market darling outperforms

Thu, 20 Nov 2014

By Tina Morrison Nov. 20 (BusinessDesk) - Shares in Fisher & Paykel Healthcare rose to a record after the maker of breathing masks and humidifiers raised its profit forecast for the sixth time in two years, cementing its place as a market darling. The Auckland-based company posted a 10 percent gain in first-half profit to $48.9 million and raised its expectation for annual earnings to a range of $105 million to $110 million as it increased sales of new and existing products, gained market share and boosted margins. Its shares rose 3 perce...

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