Stocks to Sell 20 May 2010
Australian stock Sonic Healthcare (SHL) is an international medical diagnostics company, providing laboratory, medicine/pathology and radiology services. SHL currently has a market capitalization of $4.9 billion.
SHL has advised that it will fall short of its previous earnings guidance due to weak pathology revenues and regulatory uncertainty.
SHL now expects FY10 net profit of between $290 and $295 million, down from the previous guidance of $315 million.
Australian share price for SHL last closed at $12.62, down 0.6% for the session.