Cochlear: Result 2015

Cochlear produced a record result, but a cut to its dividend and mediocre growth spooked investors.

What does a company have do to please investors these days? Cochlear posted record sales and a 56% rise in net profit – not to mention management forecasts for a rosy outlook – yet the share price fell 10%. Despite the pleasing result, Mr Market apparently expected the company to do better.

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