The stock price of CareFusion Corp. fell more than 8 percent during morning trading on Jan. 9 after news of lower financial performance for the second quarter of fiscal 2012 ended Dec. 31.
The San Diego-based vendor of medication management and patient safety products and medical supplies issued preliminary quarterly results in advance of a presentation at the annual J.P. Morgan Healthcare Conference. CareFusion expects adjusted earnings per share of 41 to 45 cents, down from analyst expectations of 46 cents, with revenue of $910-915 million, down from an expected $923 million. The company said its procedural solutions unit, which includes the ChloraPrep preoperative skin antiseptic, was performing well but still below expectations.
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