Danaher Profit, Sales Rise in 2Q
July 18 2019 - 6:54AM
Dow Jones News
By Dave Sebastian
Danaher Corp. (DHR) posted higher earnings in the second quarter
as revenue rose.
The Washington-based science and medical technology company
earned $708.6 million, or 97 cents a share, meeting expectations of
analysts polled by FactSet. The company posted $673.8 million, or
95 cents a share, in profit a year earlier.
Danaher posted adjusted earnings of 99 cents a share. Analysts
estimated adjusted per-share earnings of 97 cents.
Revenue for the quarter was $5.16 billion, compared with $4.98
billion in the prior year. A consensus of analysts estimated sales
of $5.09 billion.
The company said it expects adjusted per-share earnings for 2019
to be between $4.75 and $4.80. It had previously expected between
$4.72 and $4.80.
Thomas Joyce, president and chief executive of Danaher, said in
a statement that the company is on track to acquire GE Biopharma
and to make an initial public offering on its dental business,
which will be called Envista.
Write to at Dave.Sebastian@wsj.com
(END) Dow Jones Newswires
July 18, 2019 06:39 ET (10:39 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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