Danaher Profit, Sales Rise in 2Q

Date : 07/18/2019 @ 10:54AM
Source : Dow Jones News
Stock : Danaher Corporation (DHR)
Quote : 143.36  3.13 (2.23%) @ 7:55PM

Danaher Profit, Sales Rise in 2Q

Danaher (NYSE:DHR)
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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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