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Launch costs hit Sonova's profit, as it bets on new product with AI tech

By Yahoo! Finance   |   Nov 19, 2024 at 05:24 AM EST
Launch costs hit Sonova's profit, as it bets on new product with AI tech

Sonova's half-year core profit fell below expectations due to costs related to launching a new AI-enhanced hearing device. The company aims to improve profitability with cost-saving measures and expects stronger sales in the second half. Trump's re-election is not expected to impact Sonova's U.S. performance.

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