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Danaher: 2Q Earnings Snapshot

July 18, 2019

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DHR at https://www.zacks.com/ap/DHR

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