Hill-Rom Holdings Inc. (HRC), which makes products for patient handling in acute care, fell the most since July after reporting preliminary results that missed analyst estimates.
Hill-Rom fell 12 percent to $30.50 at 4 p.m. Earnings for the first quarter ended Dec. 31 were 52 to 53 cents a share, the Batesville, Indiana-based company said in a statement yesterday. Analysts had estimated 56 cents in a survey by Bloomberg.
The results “represent a bit of a slow start to 2012,” said Matt Miksic, an analyst for Piper Jaffray Cos. in New York with an “overweight” rating on Hill-Rom.
The company’s growth in emerging markets didn’t make up for weaker European and North American sales as hospital clients cut spending, he said in a note to investors today.
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