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Fonterra hopes to come out of trading halt by end of day

Dairy giant Fonterra hopes it can come out of a trading halt by the end of the day.

The company went into the halt on Thursday saying it needed to take another look at its earnings guidance.

Before the move, Fonterra shares were trading at $5.11 - down nearly 19 per cent this year.

Fonterra has cut its forecast for full-year earnings per share. Source: 1 NEWS