In a statement released Thursday, Fresenius said that given its latest expectations for 2018 and 2019, it “now believes its ambitious group targets for 2020 will not be met”.
The downgrade was caused by the group’s underperforming hospitals and dialysis business, but also the need to ramp up investment next year.
Shares of Fresenius fell almost 8.7% to $35.82 in early trade.
The company reported earnings per share of $5.85, up from the expected $5.56 per share, according to a poll by Bloomberg analysts.
Revenue also beat expectations at $5.45 billion, with analysts expecting revenue of $5.40 billion.
Broadcom stock rose 4.3% to $237.03.
The company said earnings per share stood at $0.55, compared with an estimate of around $0.74 and earnings in the year-ago period of $0.62.
Revenue for the quarter though came in higher than expected as it hit $2.87 billion for the quarter ended October 2018, compared with year-ago revenues of $2.46 billion.
Shares of United Natural Foods dropped around 24.7% to $14.86, just above the 52-week low of $14.46.
Yelp operates a platform which connects people with local businesses and is particularly known for its restaurant reviews.
The San Francisco-based company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Interactive Media & Services Sub-Industry index.
Yelp shares climbed nearly 2.8% to $35.36.
Contact Rene Pastor by [email protected]