NEW YORK (TheStreet) -- Shares of Hill-Rom Holdings (HRC) - Get Report are falling by 9.19% to $48.22 on heavy trading volume late Friday afternoon, following weaker-than-expected revenue for the 2016 fiscal second quarter.
Before the market open, the Chicago-based medical equipment company reported revenue of $632.6 million, which did not meet analysts' estimates of $651.8 million.
Adjusted earnings of 71 cents per diluted share topped analysts' estimates by one cent.
"Our disciplined focus on operational execution drove strong operating margin improvement and enabled us to maintain our full-year adjusted earnings outlook despite weaker international revenues," President and CEO John Greisch said in a statement.
For the fiscal third quarter, Hill-Rom forecasts adjusted earnings per diluted share between 75 cents and 77 cents, below expectations.
Analysts are looking for earnings of 82 cents per share.
For fiscal 2016, the company now projects earnings per share in the range of $3.26 per share and $3.30 on revenue of $2.64 billion to $2.67 billion.
Analysts are forecasting earnings of $3.28 per share on revenue of $2.68 billion.
About 1.21 million of Hill-Rom's shares were traded by late this afternoon compared to its average volume of 467,898 shares per day.