BUZZ-Australia's Compumedics jumps on upbeat HY sales forecast

Reuters
23 Dec 2024
BUZZ-Australia's Compumedics jumps on upbeat HY sales forecast

** Shares of Compumedics CMP.AX rise as much as 7.6% to A$0.285, their biggest intraday pct gain since late August

** Medical device manufacturer sees record sales orders of more than A$31 mln in H1 of fiscal 2025 vs A$30.3 mln in the previous year

** Attributes sales forecast to accelerating sales growth in the U.S., with sales orders expected to be more than 200% higher than last year

** Stock hits highest since Dec. 5

** More than 175,000 shares change hands, 6.2 times the 30-day avg

** Stock down 1.8% YTD, including current session's moves

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10