Danaher raises 1st-quarter adjusted earnings guidance to 90 cents per share or more; shares up
By APMonday, March 29, 2010
Danaher boosts 1st-quarter outlook
WASHINGTON — Medical equipment maker Danaher Corp. on Monday raised its guidance for the first quarter.
The company now expects adjusted earnings of at least 90 cents per share for the quarter. Danaher’s earlier guidance was for earnings at or above the high end of a range of 77 cents to 82 cents per share.
Analysts predict first-quarter earnings of 83 cents per share, according to a survey by Thomson Reuters.
Danaher shares rose $3.63, or 4.7 percent, to $81 in after-hours trading. The stock earlier rose 75 cents to end regular trading at $77.37. It has ranged from $51.18 to $78.98 over the past year.
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