Feb 11 (Reuters) - Cochlear Ltd COH.AX :
* REDUCES EARNINGS GUIDANCE FOR FY20 DUE TO CORONAVIRUS IMPACT IN GREATER CHINA
* REDUCES EARNINGS GUIDANCE FOR FY20 FROM $290-300 MILLION TO $270-290 MILLION
* LOW END OF GUIDANCE FACTORS IN A SIGNIFICANT DECLINE IN SALES FOR GREATER CHINA FOR SECOND HALF
* CHINESE SUPPLIERS ARE EXPECTED TO RESUME PRODUCTION OF COMPONENTS AFTER LUNAR NEW YEAR SHUTDOWN
* HOSPITALS IN GREATER CHINA, HONG KONG & TAIWAN DEFERRING SURGERIES, INCLUDING COCHLEAR IMPLANTS, TO LIMIT RISK OF INFECTION FROM VIRUS
* DO NOT EXPECT DISRUPTION TO OUR ABILITY TO SUPPLY PRODUCTS TO CUSTOMERS AT THIS STAGE
* ASSUMES THERE WILL NOT BE ANY MATERIAL DISRUPTION TO SUPPLY CHAIN
* HAVE AT LEAST 3 MONTHS INVENTORY OF MOST COMPONENTS, AND FOR NOW DOES NOT EXPECT ANY DISRUPTION TO SUPPLY PRODUCTS TO CUSTOMERS
* NO ALLOWANCE HAS BEEN MADE FOR ANY IMPACT ON SALES OUTSIDE GREATER CHINA
* CORONAVIRUS WILL IMPACT NUMBER OF COCHLEAR IMPLANT SURGERIES IN GREATER CHINA