More on Danaher (DHR -2.5%) Q2: net profit -7.5% to $600.1M. Doubles cost-cutting expenditure to $100M and warns that strong dollar will hurt profits. Cuts FY EPS forecast to $3.19-$3.26 from $3.25-$3.35 prior vs. consensus of $3.30. Q3 guidance is for $0.74-$0.79 vs. $0.84 consensus. Could spend $5B on M&A in next two years; has spent nearly $1B this year.