Stock Track | Fisher & Paykel Healthcare Soars 6.19% Intraday on Upgraded Fiscal Guidance

Stock Track

02/23

Fisher & Paykel Healthcare's stock soared 6.19% during intraday trading on Monday, reflecting strong investor sentiment.

The surge follows the company's announcement that it now expects operating revenue to be approximately NZ$2.30 billion and net profit after tax to be in the range of NZ$450 million to NZ$470 million for the fiscal year ending March 31. This upgraded guidance has boosted confidence in the company's financial performance.

Health technology stocks broadly gained on the exchange, with Fisher & Paykel Healthcare leading the sector's advance.

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