Danaher CEO Change, Guidance Underwhelm Investors

By | April 17, 2014

Scalper1 News

Scientific instrument maker Danaher (DHR) was down 1.5% in heavy volume in morning trading on the stock market today after it announced a new CEO and guided Q2 a bit below consensus. Late Wednesday, Danaher released Q1 earnings and announced that CEO Lawrence Culp will retire in March 2015 after 14 years on the job. He will be replaced by Thomas Joyce, head of the company’s life-science and diagnostics business. On a conference call with analysts Scalper1 News

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