Why did A2 Milk (A2M) shares rally today?
A2M +9.98%: Produced a solid FY22 results today, launched a NZ$150m buy-back and said that sales would be up high single digits in FY23, with higher margins meaning earnings will increase by more.

A2M +9.98%: Produced a solid FY22 results today, launched a NZ$150m buy-back and said that sales would be up high single digits in FY23, with higher margins meaning earnings will increase by more.
A2M -11.97%: Hit hard today following their strategy update where they doused expectations for a strong rebound in the short term
A2M -13.11%: revised guidance lower again today, saying the hopefully pickup in demand hadn’t eventuated.
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