Danaher Stock Falls After Q2 Earnings - Here's Why
Portfolio Pulse from Vandana Singh
Danaher Corp's Q2 FY23 adjusted EPS was $2.05, down from $2.76 a year ago, but beating the consensus of $2.01. Sales decreased 7.5% Y/Y to $7.16 billion, surpassing the consensus of $7.11 billion. The company anticipates non-GAAP base business core revenue will be down low-single digits year-over-year for Q3 and up low-single digits year-over-year for FY23. DHR shares are down 4.64% at $246.01 during the premarket session.
July 25, 2023 | 1:19 pm
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Danaher Corp's Q2 FY23 results beat consensus but show a decrease from last year. The company's shares are down 4.64% in premarket trading.
Despite beating consensus estimates, Danaher Corp's Q2 FY23 results show a decrease from last year, which is likely causing the drop in the company's share price. The company's guidance for Q3 and FY23 also indicates a mixed outlook, which could be contributing to investor uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100