Feb 11 (Reuters) - Cochlear Ltd (COH) :
- REDUCES EARNINGS GUIDANCE FOR FY20 DUE TO CORONAVIRUS IMPACT IN GREATER CHINA
- REDUCES EARNINGS GUIDANCE FOR FY20 FROM $290-300 MILLION TO $270-290 MILLION
- LOW END OF GUIDANCE FACTORS IN A SIGNIFICANT DECLINE IN SALES FOR GREATER CHINA FOR SECOND HALF
- CHINESE SUPPLIERS ARE EXPECTED TO RESUME PRODUCTION OF COMPONENTS AFTER LUNAR NEW YEAR SHUTDOWN
- HOSPITALS IN GREATER CHINA, HONG KONG & TAIWAN DEFERRING SURGERIES, INCLUDING COCHLEAR IMPLANTS, TO LIMIT RISK OF INFECTION FROM VIRUS
- DO NOT EXPECT DISRUPTION TO OUR ABILITY TO SUPPLY PRODUCTS TO CUSTOMERS AT THIS STAGE
- ASSUMES THERE WILL NOT BE ANY MATERIAL DISRUPTION TO SUPPLY CHAIN
- HAVE AT LEAST 3 MONTHS INVENTORY OF MOST COMPONENTS, AND FOR NOW DOES NOT EXPECT ANY DISRUPTION TO SUPPLY PRODUCTS TO CUSTOMERS
- NO ALLOWANCE HAS BEEN MADE FOR ANY IMPACT ON SALES OUTSIDE GREATER CHINA
- CORONAVIRUS WILL IMPACT NUMBER OF COCHLEAR IMPLANT SURGERIES IN GREATER CHINA
News: COH Cochlear Says Reduces FY20 Earnings Guidance Due To Coronavirus Impact In Greater China
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$312.83 |
Change
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Mkt cap ! $20.45B | |||
| Open | High | Low | Value | Volume |
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