Cochlear Ltd

COH: XASX (AUS)
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Cochlear: Significant Downgrade as Headwinds Set to Persist

Cochlear significantly cut its full-year underlying net profit after tax guidance by 23% at the midpoint to AUD 290 million-AUD 330 million from the implied guidance in February 2026 of AUD 405 million. The downgrade was mostly due to higher costs expected and soft market growth. Shares fell 41%.

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