CSL Lowers Fiscal 2026 Revenue, Net Profit Growth Guidance; Shares Near 7.5-Year Low
MT Newswires Live
Oct 28
CSL (ASX:CSL) cut its fiscal 2026 revenue growth guidance to a range of 2% to 3% from its previous forecast of about 4% to 5%, according to a Tuesday filing with the Australian bourse.
The company also narrowed its net profit after tax and authorization growth outlook to a range of about 4% to 7% from its earlier guidance of about 7% to 10%, the filing said.
Shares of the company tumbled 14% in recent Tuesday trade and earlier hit their lowest since May 2018.
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