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Fisher & Paykel's New Face Mask now available for Sale in US; FPH also upgraded its Guidance

  • October 14, 2019 01:26 PM AEDT
  • Team Kalkine

Fisher & Paykel Healthcare (ASX: FPH) announced that its F&P ViteraTM, a new mask for obstructive sleep apnea (OSA), is now available for sale in US.

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The company also upgraded the earnings and revenue guidance for the FY ended 31 March 2020. FPH expects the operating revenue to be ~$1.19 billion and net profit after tax to be in range of ~255-265 million.

The upgraded guidance also incorporates a further weakening of NZ Dollar and refinement of expected R&D tax credit.

At AEST (01:12 PM), the stock was trading at $17.080, up by 7.018 per cent from the previous close.


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