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Share Name | Share Symbol | Market | Type |
---|---|---|---|
B&G Foods, Inc | TG:DHR | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.05 | -0.57% | 8.746 | 8.832 | 8.976 | 8.91 | 8.702 | 8.702 | 164 | 12:19:24 |
By Shawn Langlois
SAN FRANCISCO (Dow Jones) -- Danaher Corp. on Monday reported a lower fourth-quarter profit but its shares rose almost 9% as the results still topped Wall Street's targets.
At last check, Danaher's(DHR) stock was up $4.48 at $55.83. It's still down 26% over the past year.
"The dramatic downturn in the global economy in the latter part of 2008 negatively impacted a number of our businesses, our end markets and our customers," CEO H. Lawrence Culp said in a statement.
The diversified manufacturing company, which makes Craftsman tools, said profit fell nearly 5% to $306 million, or 92 cents a share, from $320 million, or 97 cents a share, a year ago.
Excluding one-time items, such as restructuring charges of around 18 cents a share, earnings would have come in at $1.11 a share while sales from continuing operations for the Washington-based company inched 1% higher to $3.18 billion
Analysts polled by FactSet Research were looking for a profit, on average, of $1.04 a share with total revenue of $3.13 billion.
Danaher said it expects 2009 to be a "difficult year" but did not offer specific financial targets.
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