October 18, 2012 at 15:08 PM EDT
Danaher Falls On Earnings Miss, Lower Guidance
The medical and industrial conglomerate Danaher (DHR) missed expectations and lowered its outlook on sluggishness in the U.S. and Western Europe. The company also increased its its 2012 restructuring spending by $20 million. Shares were down 4% on heavy trading to 53.81 Thursday afternoon. The maker of water treatment systems, dental equipment and industrial components posted earnings of 77 cents per share, up 5% from a year ago but 2 cents below
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