Fonterra Shareholders Fund Provides Earnings Guidance for the Full Year of 2021
Fonterra Shareholders Fund provided earnings guidance for the full year of 2021. The company is maintaining its normalised earnings guidance of 25-35 cents per share. While year-to-date normalised earnings per share are 34 cents, the Co-op is expecting earnings in the fourth quarter to come under further pressure and is providing guidance that its full year earnings are expected to be more towards the mid-point of the range.