2238 GMT - Fonterra Shareholders' Fund rises 5% after the dairy cooperative upgrades its annual earnings view, putting the stock within sight of a new seven-year high. Fonterra now expects EPS of NZ$0.55-NZ$0.75 in FY 2025. That's up from prior EPS guidance of NZ$0.40-NZ$0.60. CEO Miles Hurrell says the upgrade reflects the underlying strength of Fonterra's core Ingredients business. It also signals resilience in the Consumer business that Fonterra wants to sell, raising investors' hopes that it will attract a favorable price from prospective buyers. Fonterra is at NZ$5.45 today, moving within sight of NZ$5.59 that represents its peak over the past 12 months and which was its highest level since January 2018. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
March 09, 2025 18:38 ET (22:38 GMT)
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