Sonova Barely Misses "Guidance;" Stock Tumbles 7% Despite Strong Fundamentals | The Hearing Blog
Time to buy Sonova: Over-reacting to a sluggish European market, a slightly softer–than–expected earning report caused Sonova Holdings (SOON.S) to tumble as much as 8.3% from the previous close of CHF136.70 (US$138.45) to as low as $125.89, before recovering to $129.03 for the day. This was on the news of weak adult CI sales at their Advanced Bionics division, and losses to Costco's Kirkland house brand, built primarily by GN ReSound and Wm Demant's Bernafon.