March 08, 2006 07:51 AM ET
Danaher Boosts Low End of 1Q Forecast
WASHINGTON (AP) - Danaher Corp., a maker of tools, motion control equipment and electronic testing gear, on Wednesday raised the low end of its first-quarter guidance.
The company did not disclose a reason for the change in a press release. It said President and Chief Executive H. Lawrence Culp Jr. plans to comment on the company's performance at a Wednesday conference in New York.
Danaher narrowed its first-quarter forecast to a range of 61 cents to 64 cents per share, compared with a previous estimate of 59 cents to 64 cents per share.
Wall Street had forecast a profit of 64 cents per share, the average estimate of 20 analysts surveyed by Thomson Financial.