Danaher Forecasts 3Q Drop in Adjusted. Core Sales, Cuts Fiscal Year Outlook
July 25 2023 - 5:53AM
Dow Jones News
By Will Feuer
Danaher expects a key sales figure to fall in the third quarter
and lowered its full-year forecast.
The health-care and laboratory-supply company expects
third-quarter adjusted base business core sales, which strips out
sales of products related to Covid-19 as well as currency
fluctuations and other noisy factors, to fall by a low-single digit
percentage from a year ago.
For the full year, Danaher expects that figure to be up by a
low-single digit percentage. That is down from guidance offered in
April for full-year adjusted base business core sales to be up by a
mid-single digit percentage.
In the second quarter, adjusted base business core sales rose by
2%, even as non-adjusted sales fell by 7.5%.
Chief Executive Rainer Blair said the company faces a "more
dynamic operating environment."
Shares fell 3.9% to $248.00 in premarket trading.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
July 25, 2023 06:38 ET (10:38 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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