Cochlear Limited (ASX: COH) has reduced its earning guidance outlook for FY2020 due to the coronavirus impact in Greater China. The company has reduced its guidance outlook for FY20 from $290-300 million to $270-290 million.
Cochlear’s CEO & President stated that coronavirus shall impact the multiple cochlear implant operations in Greater China which ranks amongst its top 5 markets.
At AEDT 1:23 PM, COH shares are trading at $239.130, 2.3% below its previous close.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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