Danaher Q2 Adjusted EPS $2.05 Beats $2.01 Estimate, Sales $7.16B Beat $7.11B Estimate
Portfolio Pulse from Benzinga Newsdesk
Danaher Corporation (NYSE:DHR) reported Q2 earnings of $2.05 per share, beating the analyst consensus estimate of $2.01 by 1.99%. However, this is a 25.72% decrease from the same period last year. The company also reported quarterly sales of $7.16 billion, beating the analyst consensus estimate of $7.11 billion by 0.66%, but this is a 7.66% decrease from the same period last year.
July 25, 2023 | 10:01 am
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NEUTRAL IMPACT
Danaher's Q2 earnings and sales beat estimates, but both showed decreases from the same period last year.
While Danaher beat Q2 earnings and sales estimates, the year-over-year decreases in both earnings and sales could potentially concern investors, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100