Investopedia: An Unusual Miss (And Sobering Guidance) From Danaher

For a company that rarely misses earning expectations and is typically viewed as a credible commentator on near-term economic conditions, Danaher's (NYSE:DHR) third quarter results can't leave investors feeling too great. Although the company's long-term strategy of growth-through-acquisition and fierce cost efficiency is very likely to continue, the near-term outlook has definitely worsened. Given that this stock has often sported a premium multiple, performance could continue to lag until investors feel more optimistic about the macro outlook.

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http://www.investopedia.com/stock-analysis/2012/An-Unusual-Miss-And-Sobering-Guidance-From-Danaher-DHR-A-DOV-TMO1022.aspx