Subscribe Login
Law and regulation

Who are New Zealand's next QCs? By Chris Holden

See details.
Technology
Sponsored by
chorus

Fisher & Paykel Healthcare shares plunge despite stellar profits

Jenny Ruth
Thu, 27 May 2021

Fisher & Paykel Healthcare chief executive Lewis Gradon is unhappy he can't give analysts better guidance.
Jenny Ruth
Thu, 27 May 2021
RELATED
Fisher & Paykel Healthcare shares fell as much as 9.31% despite it reporting an 82% jump in annual net profit because analysts had been expecting even more.Net profit for the year ended March rose to $524.2 million from $287.3m the previous year, boosted by covid-related demand for its devices to aid breathing, but consensus analysts' forecasts were for $540m.The shares fell as low as $27.81, down $3.57, or 11.4%, from $31.38 yesterday and were recently quoted at $28.55.Throwing analysts' forecasts out was a weaker than expected fou...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets Wake Up Call
Wake Up Call: No cheques, mate
Staff reporters | Fri, 25 Jun 2021

Westpac is going cheque free from today, the latest in a line of banks to do away with the old-school payment type.

Opinion
How much more juice can IRD squeeze?
Paul McBeth | Fri, 25 Jun 2021

Is the tax department still fighting the battles of yesteryear with its Frucor case?

Infrastructure
Oceania rejects Retirement Commissioner's call for law review
Jenny Ruth | Fri, 25 Jun 2021

Oceania Healthcare currently has more than 400 villas, units and care suites under construction.

Sponsored
Will your bach or business be underwater in 100 years?

As climate change brings rising sea levels and accelerated coastal erosion, tens of thousands of coastal homes and baches in New Zealand could be left at risk and uninsurable.

Partner Content
Business events are increasingly important for corporates

Working from home is great, but there's real value in face-to-face connections.

© Content Ltd 2021.