Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Hill-Rom Falls as Quarterly Earnings Miss Analyst Estimates

Jan. 11 (Bloomberg) -- Hill-Rom Holdings Inc., 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.

To contact the reporter on this story: Sarah Frier in New York at sfrier1@bloomberg.net

To contact the editor responsible for this story: Reg Gale at rgale5@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.