Danaher
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
On April 25, 2023, Danaher issued a press release announcing its financial results for the first quarter of 2023. The report indicated that revenues had decreased by 7.0% year-over-year to $7.2 billion, with a 4.0% non-GAAP core revenue decrease due to the impact of lower COVID-19 revenue. The company also projected that non-GAAP base business core revenue growth would be up mid-single digits year-over-year for the second quarter and full year 2023, down from an earlier projection of high-single-digit growth. This announcement seemed to contradict Danaher’s previous assurances that non-COVID-19-related businesses’ revenues would compensate for the negative results related to COVID-19.
Following the release of this news, Danaher’s stock price fell significantly by 8.79%, closing at $231.99 per share on April 25, 2023.
