Danaher Earns $1.05 Per Share

This morning, Danaher (DHR) reported Q4 earnings of $1.05 per share. That beat estimates by two cents per share. Quarterly revenue rose 6% to $4.6 billion, and their “core revenue” was up by 3.5%. For all of 2016, DHR earned $3.61 per share which was up 21% over 2015.

Thomas P. Joyce, Jr., President and Chief Executive Officer, stated, “We are very pleased with our strong fourth quarter results, capping off a transformative year for Danaher. In 2016, the team delivered double-digit earnings growth, meaningful margin expansion, and strong free cash flow. We also executed on a number of strategically significant acquisitions during the year, including Cepheid and Phenomenex.”

Joyce added, “We believe that the strength of our portfolio, combined with the power of DBS, provides the foundation for enhancing our growth trajectory and delivering long-term outperformance.”

For Q1, Danaher sees earnings between 82 and 85 cents per share. For all of 2017, they forecast earnings of $3.85 to $3.95 per share. The stock is currently up 3.6% this morning.

Posted by on January 31st, 2017 at 10:41 am

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