Ansell unprotected

Wilson Asset Management

Late Wednesday night global glove and condom manufacturer Ansell (ASX: ANN) downgraded its earnings forecast following weak first half sales. The company cut its 2015-16 earnings per share (EPS) expectations to between US$0.95 to US$1.10, down from previous guidance of US$1.05 to US$1.20. The company said lower than anticipated January sales and global economic volatility had caused earnings to fall short of the previous guidance range. Ansell shares closed down 25% for the week. We do not own Ansell in the investment portfolio.


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