It is a bit confusing because it's not really a quarterly earnings report - the figures presented are mostly cumulative and/or full year estimates - not just for the quarter. They call it a "Third Quarter Business Update". The covering letter states,
"we have lifted our FY23 full year forecast normalised earnings to 65-80 cents per share from55-75 cents per share and remain on track for a strong full year dividend."
This is then repeated on pages 2 and 10 of the report. The way I read it, they are cumulatively at $0.65 EPS at the end of the 3rd quarter, and guidance is currently up to $0.85 EPS for the FY23.
Ann: Fonterra updates on Q3, Milk Price and capital return, page-8
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