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There are a few earnings reports to pass along this morning. Danaher (DHR) earned, after adjustments, 89 cents a share. That’s a good number since the Street was looking for 88 cents per share. Previously, the company said that its range for Q1 was 84 to 89 cents per share, so I guess they knew what they were talking about.

The Q1 result is a 15.5% increase over last year’s first quarter, and sales rose by 20%. The company has also said that it’s looking for $4.30 to $4.40 for the full year.

Danaher makes the Craftsman line of tools. So far, the housing slowdown hasn’t had a noticeable impact on its bottom line. At least, not yet. At the current price, the stock seems to be correctly priced.

Amphenol (APH) reported earnings of 54 cents a share, two pennies about the Street’s estimate. The company also guided higher for Q2 and the full year. APH now sees this quarter coming in at 57 to 59 cents a share (the Street was at 55 cents), and $2.26 to $2.31 for the year (the Street was at $2.23).

This is a nice increase in guidance. In January, the company said Q1 was looking to come in at 50 to 52 cents, and $2.18 to $2.25 for the year. The stock seems slightly over priced right now, but not by much.

Posted by edelfenbein at April 17, 2008 10:11 AM