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Danaher raises low end of 2Q earnings outlook

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By AP
03 June 2008 @ 08:38 am EST

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WASHINGTON - Diversified manufacturer Danaher Corp. on Tuesday raised the lower end of the predicted range of its second-quarter adjusted earnings per share.

Quotes

DHR

61.5

-1.13

Danaher now expects adjusted earnings per share in a range of $1.04 to $1.07. Earlier it forecast adjusted earnings of $1.02 to $1.07 per share.

The new range excludes an estimated 3 cents per share of noncash charges for inventory adjustments and deferred revenue from buying Tektronix.

Analysts polled by Thomson Financial expect, on average, $1.06 per share. Those forecasts usually exclude charges.

In the fourth quarter of last year Danaher bought test and measurement equipment maker Tektronix for $2.85 billion.

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