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

Danaher Drops Most in Four Weeks After Profit Forecast Cut

Don't Miss Out —
Follow us on:

July 19 (Bloomberg) -- Danaher Corp. fell the most in four weeks after the maker of dental and laboratory equipment reduced its 2012 earnings forecast, citing the strengthening of the dollar and restructuring expenses.

The shares declined 1.9 percent to $51.12 at the close in New York, the biggest daily slide since June 21. They have gained 8.7 percent this year.

Full-year profit per share is expected to be $3.19 to $3.26, down from an earlier forecast of $3.25 to $3.35, the Washington-based company said in a statement today. Costs for restructuring will be about $100 million, Danaher said.

To contact the reporter on this story: Thomas Black in London at tblack@bloomberg.net

To contact the editor responsible for this story: James Langford at jlangford2@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.