UPDATE: A2 Milk shares rise to new record on upgraded sales guidance

Wed, 26 Apr 2017

(Updates and recasts on shares, broker comment) By Paul McBeth April 26 (BusinessDesk) - A2 Milk Co shares touched a record high after the milk marketer raised its annual revenue guidance following better-than-expected sales in the third quarter. The shares rose as high as $3.44 and were recently up 5.9 percent to $3.39, adding to a 50 percent gain so far this year. The Auckland-based, Sydney-headquartered company forecast revenue of $525 million in the year ending June 30, up from $352.8 million a year earlier, it said in a statement...

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