Danaher Expects Q3 Non-GAAP Base Business Core Revenue To Be Down Low-Single Digits Year-Over-Year; For FY23 Non-GAAP Base Business Core Revenue Growth Will Be Up Low-single Digits Year-Over-Year
Portfolio Pulse from Benzinga Newsdesk
Danaher Corporation (DHR) has projected its Q3 non-GAAP base business core revenue to decrease by low-single digits year-over-year. However, for FY23, the company expects the same metric to increase by low-single digits year-over-year.
July 25, 2023 | 10:03 am
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NEUTRAL IMPACT
Danaher's Q3 revenue is expected to decrease YoY, but FY23 revenue is projected to increase. This mixed outlook could lead to short-term uncertainty for investors.
The news directly pertains to Danaher's financial outlook. The projected decrease in Q3 revenue could negatively impact the stock in the short term. However, the forecasted increase in FY23 revenue could offset this impact, leading to a neutral score.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100