By Everdeen Mason
Danaher Corp. (DHR) offered a 2014 outlook below consensus
expectations, continuing the diversified manufacturer's trend of
issuing conservative guidance.
Danaher expects full-year per-share earnings next year between
$3.60 and $3.75, below expectations of $3.81 from analysts polled
by Thomson Reuters. Core revenue is expected to rise from 2% to
4%.
Danaher, which makes testing, diagnostic and medical equipment,
has improved revenue in recent years through acquisitions. However,
its bottom line has been under pressure from restructuring charges,
cost-cutting activities and weakening economic and market
conditions.
Danaher also backed its fourth quarter and full-year 2013
outlook.
Shares closed at $73.93 Wednesday and were inactive premarket.
The stock is up 35% in the past 12 months.
Write to Everdeen Mason at everdeen.mason@wsj.com
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