Danaher: 2Q Earnings Snapshot
WASHINGTON (AP) _ Danaher Corp. (DHR) on Thursday reported second-quarter net income of $731.3 million.
On a per-share basis, the Washington-based company said it had profit of 97 cents. Earnings, adjusted for one-time gains and costs, came to $1.19 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share.
The industrial and medical device maker posted revenue of $5.16 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $5.09 billion.
For the current quarter ending in October, Danaher expects its per-share earnings to range from $1.12 to $1.15. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.15.
The company expects full-year earnings in the range of $4.75 to $4.80 per share.
Danaher shares have risen 35% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 19%. The stock has risen 40% in the last 12 months.