Cochlear (ASX:COH) share price in focus after delivering a solid half year result

The Cochlear Limited (ASX: COH) share price will be on watch today following the release of its half year results.

How did Cochlear perform during the first half?

Cochlear’s performance continued to improve during the first half of FY 2021 after surgeries recovered following COVID-19 related shutdowns. Management notes that the pace of recovery varied across markets, with strong growth recorded in the United States, Japan, Korea, and China. This was supported by improving momentum in Western Europe, which partially offset a slower recovery in emerging markets.

For the six months ended 31 December, Cochlear reported a 4% (or 1% in constant currency) decline in sales to $742.8 million. This was driven by a 7% increase in second…