Danaher Q3 Adj EPS $2.02 Beats $1.76 Estimate, Sales $6.87B Beat $6.26B Estimate
Portfolio Pulse from Benzinga Newsdesk
Danaher Corporation reported Q3 adjusted earnings of $2.02 per share, beating the analyst consensus estimate of $1.76 by 14.77%. However, this is a 21.09% decrease from the same period last year. The company also reported quarterly sales of $6.87 billion, surpassing the analyst consensus estimate of $6.26 billion by 9.79%, but this is a 10.31% decrease from the same period last year.
October 24, 2023 | 10:03 am
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NEUTRAL IMPACT
Danaher's Q3 earnings and sales beat estimates but are down from the same period last year.
While Danaher beat Q3 earnings and sales estimates, the year-over-year decreases could potentially concern investors. The impact on the stock price could be neutral in the short term as the positive news of beating estimates is balanced by the negative news of year-over-year decreases.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100