Danaher Tops Street by A Penny; Revenues Miss
Danaher Corp. (NYSE: DHR – $84.09) a science and technology company, reported results for the fourth quarter that beat the Street view by a penny on adjusted earnings per share as revenues missed projections. The company reported net earnings of $735.2 million up from $649.6 million in the prior year period. On an adjusted basis, Danaher reported adjusted earnings per share of $1.27, up from $1.12 a year ago and topping analyst estimates of $1.26. Total revenues of $5.88 billion were up from $5.22 billion in 2014, but fell short of analyst projections of $6 billion. The company anticipates adjusted earnings per share for the first quarter of 2016 in the range of $1.00 to $1.04, a tad below Street estimates of $1.05. The company continues to expect its full year 2016 adjusted earnings in the range of $4.80 to $4.95/share, straddling analyst estimates of $4.87.
Danaher is still on target to split into separate industrial and medical companies later this year. I think this selection has room to run in the coming six to 12 months and long-term accounts should also like what they see here.
- Posted in: Stocks to Consider and Updates