Fresenius beats second-quarter earnings forecasts, cuts 2020 outlook [Reuters]
Fresenius Medical Care AG American Depositary Shares (Each representing 1/2 of an Ordinary Share) (FMS)
Last fresenius medical care ag american depositary shares (each representing 1/2 of an ordinary share) earnings: 7/31 04:03 pm
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Source: Reuters
Fresenius beats second-quarter earnings forecasts, cuts 2020 outlook (Reuters) - German healthcare group Fresenius beat second-quarter earnings forecasts on Thursday, helped by the strong performance of its dialysis unit but cut 2020 outlook to account for the continued negative impact of the coronavirus pandemic. The group said its separately listed dialysis unit, Fresenius Medical Care, showed very strong earnings growth and exceptional cash flow in the quarter. But its infusion drugs unit Kabi, which accounts for about 20% of the group’s sales, was hit by fewer elective procedures, easing extra demand for coronavirus-related products and slower-than-expected recovery in China, while medical services business Vamed suffered from pandemic-related project delays. The pandemic has been a mixed blessing for healthcare companies bringing extra expenses, such as the purchase of protective gear for staff and patients, but also governmental subsidies and increased demand for selected drugs,
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News
- Fresenius Medical Care AG (NYSE: FMS) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Fresenius Accelerates Momentum in its (Bio)Pharma Business and Launches Tyenne®, its Third Approved Biosimilar in the U.S. [Yahoo! Finance]Yahoo! Finance
- Dialysis Machines Market Analysis Forecast to 2033 - Technological Innovations and Global Market Trends [Yahoo! Finance]Yahoo! Finance
- Reasons to Retain Fresenius Medical (FMS) in Your Portfolio Now [Yahoo! Finance]Yahoo! Finance
- Fresenius Medical Care (ETR:FME) Is Increasing Its Dividend To €1.19 [Yahoo! Finance]Yahoo! Finance
FMS
Earnings
- 8/3/23 - In-Line
FMS
Sec Filings
- 3/28/24 - Form 6-K
- 3/13/24 - Form 6-K
- 3/5/24 - Form 6-K
- FMS's page on the SEC website