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Danaher Guides Q1, FY23 Revenue Growth Above Estimates - Update

RTTNews | hace 945

Danaher Guides Q1, FY23 Revenue Growth Above Estimates - Update

(RTTNews) - While reporting financial results for the fourth quarter on Tuesday, science and technology company Danaher Corp. (DHR) provided revenue growth guidance for the first quarter and full-year 2023.

The company now projects core revenue growth in the mid-single digits for the first quarter, and adjusted base business core revenue growth in the high-single digits.

On average, analysts polled by Thomson Reuters expect the company to report a revenue decline of 4.3 percent to $7.36 billion for the quarter and a revenue decline of 0.6 percent to $30.71 billion for the year.

The Company said it provides forecasted sales only on a adjusted basis because of the difficulty in estimating the other components of revenue, such as currency translation, acquisitions and divested product lines.

Starting with the first quarter 2023, the Company will revise its definition of base business core growth to exclude revenues related to COVID-19 testing, vaccines and therapeutics, in addition to the exclusion of currency translation, acquisitions and divested product lines.

"Looking ahead, we believe the combination of our leading portfolio, the power of the Danaher Business System and the strength of our balance sheet position Danaher to continue generating sustainable, long-term shareholder value for many years to come," said Rainer Blair, President and Chief Executive Officer.

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Danaher, Cincinnati Children's Hospital Partner To Improve Patient Safety In Early Clinical Trials

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Science and technology innovator Danaher Corp. (DHR) launched Monday a strategic collaboration with Cincinnati Children's Hospital Medical Center, with the goal of improving patient safety by addressing a leading cause of failure in clinical trials.

RTTNews | hace 568

Danaher To Acquire Abcam In About $5.7 Bln All-cash Deal

Danaher To Acquire Abcam In About $5.7 Bln All-cash Deal

Science and technology innovator Danaher Corp. (DHR) announced Monday that it has entered into a definitive agreement to acquire Cambridge, UK-based Abcam plc (ABCM), a supplier of protein consumables, pursuant to which Danaher will acquire all of the outstanding shares of Abcam for $24.00 per share in cash, or a total enterprise value of approximately $5.7 billion, including assumed indebtedness and net of acquired cash.

RTTNews | hace 729

U.S. Consumer Confidence Index Edges Lower In August

U.S. Consumer Confidence Index Edges Lower In August

A report released by the Conference Board on Tuesday showing a modest deterioration by consumer confidence in the U.S. in the month of August. The Conference Board said its consumer confidence index dipped to 97.4 in August from an upwardly revised 98.7 in July.

RTTNews | hace 2h 19min

U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected

U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected

Reflecting a continued plunge by orders for transportation equipment, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of July. The Commerce Department said durable goods orders slumped by 2.8 percent in July after plummeting by a revised 9.4 percent in June.

RTTNews | hace 2h 30min

Bay Street May Open On Weak Note

Bay Street May Open On Weak Note

Canadian shares look headed for negative start on Tuesday, weighed down by weak oil prices, and concerns about global trade after U.S. President Donald Trump threatened 200% tariffs on China if Beijing does not export rare-earth magnets to the U.S.

RTTNews | hace 3h 48min

U.S. Durable Goods Orders Tumble Less Than Expected In July

U.S. Durable Goods Orders Tumble Less Than Expected In July

Reflecting a continued plunge by orders for transportation equipment, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of July.

RTTNews | hace 3h 54min

FTSE 100 Modestly Lower

FTSE 100 Modestly Lower

After posting gains in the previous five sessions, the U.K. market is exhibiting weakness on Tuesday, weighed down by losses in financials and retail sectors.

RTTNews | hace 4h 16min

CAC Down Sharply On Widespread Selling

CAC Down Sharply On Widespread Selling

French stocks are down sharply on Tuesday, extending previous session's steep drop, amid ongoing political uncertainty in the country.

RTTNews | hace 4h 41min

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