A2M Drops 15% on Weaker Full-Year Guidance

Shares of A2 milk have opened over 15% lower to $9.80 after reporting lower guidance in their trading update and full year outlook.

The company reported that they expected total revenue near the NZ 920 million mark. This materially below the NZ 950 million the company was shooting for earlier this year.

Technically, we see scope for A2M shares to fill the price gap from February and find support near $9.00.

A2 Milk