UPDATE: F&P Healthcare shares hit record on improved guidance

Mon, 14 Oct 2019

(Updates and recasts share price, adds broker comment) Shares of Fisher & Paykel Healthcare Corp rose above $18 for the first time today after the company raised its revenue and earnings guidance. F&P Healthcare climbed 8.1 percent to a record $18.37 this afternoon, up from $17 at the open. The share price is up about 43 percent this year from $12.84, while five years ago the price was $9.24. Its market capitalisation is currently sitting at $10.55 billion. “When companies produce consistent earnings growth over many years, then a ce...

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