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The bad news today is that Varian Medical Systems (VAR) is sharply lower thanks to yesterday's earnings report. The stock is currently down about 8%. But the good news is we got positive earnings from Danaher (DHR) and Respironics (RESP).

Danaher earned 95 cents a share, two cents more than estimates. For the year, the company earned $3.48 a share which was up from $2.76 in the year before. The company also reaffirmed its 2007 forecast of $3.68 per share to $3.78 per share.

Respironics reported earnings of 40 cents a share, which was also two cents more than expectations. The company earned 33 cents a share in last year's fourth quarter. Respironics said that it's comfortable with 2007 estimates of $1.74 to $1.77, which doesn't include 12 to 13 cents a share in stock compensation. The stock is up about 10% today (woo!), and it's close to breaking the all-time high of $43.03 reached in October 2005.

Posted by edelfenbein at January 25, 2007 10:42 AM