Hill-Rom Posts FQ4 results, Getting Attention in Futures Market
Hill-Rom Holdings Inc (NYSE: HRC) posted an 11% growth in its FQ4 profits, comfortably sailing past the consensus expectations on the back of lower costs for commodities. The lower costs had helped HRC offset a double-digit decline in its sales for the quarter. HRC’s gross margins expanded rose from 44.7% to 47.2% during the quarter.
Hill-Rom Holdings’ results were hit by a cut in hospital spending as a result of recession and credit crunch. HRC is attracting a lot of investor attention, with traders placing a lot of calls for the company.
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