Cochlear Ltd (OTCPK:CHEOF)

$ 190.21 0 (0%) Market Cap: 12.13 Bil Enterprise Value: 11.96 Bil PE Ratio: 52.53 PB Ratio: 10.40 GF Score: 85/100

Cochlear Ltd FY20 Earnings Guidance Withdrawal Due to Coronavirus Impacts Conference Call Transcript

Mar 16, 2020 / 01:00AM GMT

Release Date Price: $131

Transcript

Operator

Thank you for standing by, and welcome to the Cochlear Limited announcement. (Operator Instructions)

I would now like to hand the conference over to Mr. Dig Howitt, CEO and President. Please go ahead.

Diggory William Howitt

Cochlear Limited - CEO, MD, President & Executive Director

Okay. Good afternoon, everyone, and thank you for joining us at short notice. There's obviously a lot going on in the world at the moment. I thought I'd start just with a few opening comments on the release that we put out this morning and then go to questions.

So to start with, up until last Friday, our run rate in terms of our revenue and our CI surgeries had continued to be strong. However, as we've seen over the last week and particularly over the weekend, an increasing number of health authorities, including the U.S. Surgeon General coming out on Friday, U.S. time, recommending deferral or delay or cancellation of elective surgeries, and clearly, most cochlear implant surgeries are elective. We've also heard, over the last week or so anecdotes from some

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