BUZZ-NZ's Fisher & Paykel Healthcare tumbles as HY profit misses estimates

Reuters
2024-11-28
BUZZ-NZ's Fisher & Paykel Healthcare tumbles as HY profit misses estimates

** New Zealand's Fisher and Paykel Healthcare FPH.NZ sheds as much as 5.3% to NZ$36.38; biggest intraday pct decline since May 26, 2023

** Medical devices maker's Australia-listed stock FPH.AX drops as much as 4.6% to A$32.97, lowest since Nov. 7

** Posts HY net profit after tax of NZ$153.2 mln ($90 mln), up 43% y/y, missing Visible Alpha consensus est of NZ$157 mln - Citi

** NZ-listed stock one of top drags on benchmark S&P/NZX 50 index .NZ50

** Trims YTD gains to 57.3%

($1 = NZ$1.6955)

(Reporting by Aaditya Govind Rao in Bengaluru)

((Aaditya.govindrao@thomsonreuters.com;))

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