Danaher (DHR) Tops Q3 EPS by 2c, Revenues Beat; Lifts FY18 EPS Outlook

Danaher (NYSE: DHR) reported Q3 EPS of $1.10, $0.02 better than the analyst estimate of $1.08. Revenue for the quarter came in at $4.85 billion versus the consensus estimate of $4.81 billion.

Thomas P. Joyce, Jr., President and Chief Executive Officer, stated, "We are very pleased with our performance in the third quarter, as the team maintained strong momentum and delivered outstanding results. We achieved 6.5% core revenue growth, solid operating margin expansion and double-digit adjusted earnings per share growth. Four of our five platforms delivered mid-single digit or better core revenue growth, and we believe our investments in innovation and commercial execution are driving market share gains in many of our businesses."

Joyce continued, "Our recent performance is a testament to the team\'s execution and drive for continuous improvement. We believe the strength and differentiation of our portfolio - combined with the power of the Danaher Business System - provides us with the foundation to deliver sustainable, long-term shareholder value."

GUIDANCE:

Danaher sees FY2018 EPS of $4.49-$4.52, versus the consensus of $4.49.

For earnings history and earnings-related data on Danaher (DHR) click here.

You May Also Be Interested In

• AeroVironment restates quarterly financials, citing $89M goodwill error
• Assurant (AIZ) is Piper Sandler's Weekly Focus Idea
• FedEx (FDX) PT Lowered to $424 at Bernstein SocGen Group