BUZZ-Haemonetics hits two-year low after cutting sales growth forecast

Reuters
02-06
BUZZ-Haemonetics hits two-year low after cutting sales growth forecast

** Medical equipment maker Haemonetics' HAE.N shares fall 8.3% to $65.3 to touch an over 2-1/2 year low

** Co cuts its sales growth forecast for fiscal 2025 to 3%-5% from 5%-8%

** Co reports Q3 revenue of $349 million, missing analyst estimates of $353 million - data compiled by LSEG

** Co posts adj Q3 profit of $1.19 per share, beating analyst estimates of $1.17 per share - LSEG

** Shares are down ~17% in the past 12 months

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com))

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