Danaher Q4 Adjusted EPS $2.09 Beats $1.89 Estimate, Sales $6.41B Beat $6.09B Estimate
Portfolio Pulse from Benzinga Newsdesk
Danaher Corporation (NYSE:DHR) reported Q4 adjusted earnings per share (EPS) of $2.09, surpassing the analyst consensus estimate of $1.89 by 10.58%. However, this represents a 17.72% decrease from the $2.54 EPS reported in the same quarter last year. Quarterly sales reached $6.41 billion, exceeding the consensus estimate of $6.09 billion by 5.21%, but marking a 10.22% decline from the $7.13 billion in sales reported in the same period the previous year.
January 30, 2024 | 11:02 am
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Danaher's Q4 earnings and sales surpassed analyst estimates, with EPS at $2.09 and sales at $6.41B, indicating strong performance despite year-on-year declines.
Beating both EPS and sales estimates typically has a positive impact on investor sentiment and can lead to a short-term increase in stock price. However, the year-on-year declines in both metrics may temper the market's reaction, suggesting a cautious optimism.
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