Australia's Cochlear falls after shareholder class action over FY2026 profit forecast

By Reuters News

** Shares of Australia's Cochlear COH.AX fall as much as 2.4% to A$141.67, their biggest intraday pct drop since September 17

** The hearing implant maker says it has been served with shareholder class action in the Supreme Court of Victoria over its fiscal 2026 underlying net profit forecast

** Company says it has denied the allegations outlined in the claim and that it would defend the proceedings

** Says claim has been launched on behalf of persons who acquired interests in Cochlear shares between August 15, 2025 and April 21, 2026

** YTD, Cochlear stock down more than 45%

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk