Cochlear Limited Shares Bounce, But One Big Question Still Hangs Over ASX Investors
Cochlear Limited shares closed at A$98.77 on May 1 after a 5.07% rebound, but remain 69% below their 52-week high following an April profit warning. The company slashed its FY26 profit guidance to A$290–A$330 million, citing weak implant demand and hospital constraints. Analysts described the downgrade as extraordinary and warned of further downside. Normal ASX trading resumes Monday at 09:59:45 Sydney time.