Carl Zeiss Meditec shares sink on profit warning [Yahoo! Finance]
CARL ZEISS MEDI UNSP/ADR (CZMWY)
NASDAQ:AMEX Investor Relations:
zeiss.com/meditec-ag/investor-relations.html
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Source: Yahoo! Finance
The company added in a statement that its guidance for the current fiscal year "will likely not be achieved" as well. Jena, Germany-based Carl Zeiss Meditec said preliminary revenue in the three months until the end of December had come in at 467 million euros, compared to 490 million euros a year earlier, due largely to negative currency effects. Preliminary operating profit -- defined by the group as earnings before interest, taxes and amortization of intangible assets -- came in at 8 million euros. The total had stood at 35 million euros in the corresponding period a year before, when Carl Zeiss Meditec -- whose products include eye examination tools and medical lasers -- said it had benefited from "exceptionally strong equipment deliveries." This "resulted in a softer start to the new fiscal year," the company said. Meanwhile, an upcoming new nation-wide volume-based procurement tender -- or competitive bidding process -- for Carl Zeiss Meditec's bifocal intraocular busin
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News
- ZEISS announces NMPA approval in China for powerful ophthalmic microscopes enhancing surgical visualizationPR Newswire
- ZEISS announces NMPA approval in China for powerful ophthalmic microscopes enhancing surgical visualizationPR Newswire
- ZEISS announces NMPA approval in China for powerful ophthalmic microscopes enhancing surgical visualizationPR Newswire
- Carl Zeiss Meditec (ETR:AFX) Will Pay A Smaller Dividend Than Last Year [Yahoo! Finance]Yahoo! Finance
- Carl Zeiss Meditec (OTCMKTS:CZMWY) was downgraded by analysts at Sanford C. Bernstein to a "market perform" rating.MarketBeat