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[$$] Hill-Rom Profit Drops in First Quarter

Inc. on Friday reported profit fell 52% in its fiscal first quarter, although it recently began reporting under a different accounting standard. For the period ended Dec. 31, the medical equipment and services provider said net income was $42.2 million, or 62 cents a share, compared with $88.3 million, or $1.31 a share, a year earlier. Due to the adoption of the new revenue recognition accounting standard, Hill-Rom lowered its adjusted earnings forecast for 2019 to $4.98 to $5.06 a share from its previous guidance of $5.08 to $5.16 a share.