BUZZ-Australia's Compumedics hits near 3-month high on upbeat earnings forecast

Reuters
01-15
BUZZ-Australia's Compumedics hits near 3-month high on upbeat earnings forecast

** Shares of Compumedics CMP.AX rise 12.3% to A$0.32, hitting their highest level since Oct. 17

** Medical diagnostics firm expects sales of more than A$55 million ($34.02 million) for fiscal 2025, up from A$52 mln a year ago

** Co also logged sales orders of A$32.8 mln in 1H25 vs A$30.3 mln in 1H24

** Attributes higher sales to U.S. "continuing to provide evidence of accelerating sales growth;" added U.S. orders were up 208% in 1H25 compared to last year

** Stock eyeing its best trading session since early September, if current gains hold

** More than 102,000 shares change hands, 2.4 times the 30-day avg

** Compumedics up 20.8% YTD, including current session's moves

($1 = 1.6166 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com))

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