Plus   Neg

Danaher Withdraws FY20 Outlook Amid COVID-19 - Quick Facts

Danaher Corp. (DHR) announced Monday that it is withdrawing its financial guidance for the full year 2020, which was provided on January 30, 2020, due to the evolving and uncertain impact of the coronavirus (COVID-19) pandemic.

The company will report first quarter 2020 financial results on Thursday, May 7, 2020. It expects revenue growth of approximately 3.0 percent and adjusted core revenue growth of approximately 4.5 percent for the first quarter.

The company said it anticipates positive results in each of its three reporting segments in the first quarter, with particular strength in its Cepheid, Radiometer, Pall and ChemTreat businesses.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Facebook has unveiled Instagram Reels as its answer to the popular Chinese-owned video app TikTok. The social media giant said in a blog post that Instagram Reels is a new way to create short, entertaining videos on Facebook's photo-sharing app Instagram. Facebook reportedly shut down its TikTok clone Lasso in July, ahead of the launch of Instagram Reels. WD-40 Company recalled about 130,000 units of X-14 Mildew Stain Remover for potential risk of skin irritation, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. The company said pressure can build up inside the bottle and cause it to fall over and leak, posing a risk of skin irritation. Biopharmaceutical company Bristol-Myers Squibb Co. on Thursday reported a loss for the second quarter, compared to a profit last year, hurt primarily by hefty amortization expenses. However, adjusted earnings per share and quarterly revenues topped analysts' expectations. Looking ahead, the company raised its adjusted earnings and revenue outlook for the full-year 2020.
Follow RTT