Cochlear (ASX: COH) upgrades FY24 earnings guidance, expects net profit of AU$385-400M

February 08, 2024 06:18 AM +04 | By Team Kalkine Media
 Cochlear (ASX: COH) upgrades FY24 earnings guidance, expects net profit of AU$385-400M
Image source: Guschenkova, Shutterstock

Cochlear Ltd (ASX: COH), a leader in hearing solutions, has recently made significant announcements, including the upgrade of FY24 earnings guidance. This article delves into the details of these upgrades and their implications.

Cochlear Ltd has made noteworthy upgrades to its FY24 earnings guidance.

Expectations for the underlying net profit for FY24 are set between AU$385-400 million.

First Half Performance

In the first half, Cochlear Ltd witnessed a substantial 25% increase in sales revenue, reaching AU$1,113 million.

The first half also saw an underlying net profit of AU$192 million.

Cochlear Ltd has set ambitious targets, expecting to achieve 10-15% growth in Cochlear implant units for FY24.

Positive Impact on Investors

Investors are likely to benefit from these upgrades and achievements.

A broader perspective on the cochlear implant industry sets the stage for understanding Cochlear Ltd's position within the market.

 


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