UPDATE: A2 shares soar to record after earnings upgrade on infant formula demand

Thu, 17 Dec 2015

(Recasts with share price, adds investor comment throughout) By Tina Morrison Dec. 18 (BusinessDesk) - Shares of A2 Milk Co soared to a record after the milk marketer raised its annual earnings forecast on strong demand for its a2 Platinum-branded infant formula, giving investors confidence in its ability to diversify its range of products and expand into more markets. Operating earnings before interest, tax, depreciation and amortisation are expected to rise to between $33 million and $37 million in the year ending June 30, 2016, ahea...

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