Danaher Q1 2024 Adj EPS $1.92 Beats $1.71 Estimate, Sales $5.796B Beat $5.622B Estimate
Portfolio Pulse from Benzinga Newsdesk
Danaher reported Q1 2024 adjusted EPS of $1.92, surpassing the $1.71 estimate, and sales of $5.796B, exceeding the $5.622B forecast. Despite beating estimates, this reflects a decrease from the previous year's earnings and sales.
April 23, 2024 | 10:02 am
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POSITIVE IMPACT
Danaher's Q1 2024 earnings and sales exceeded analyst expectations, indicating strong performance despite a year-over-year decline.
Beating both EPS and sales estimates typically generates positive investor sentiment, likely leading to a short-term uptick in stock price. However, the year-over-year decline in earnings and sales might temper the positive impact slightly.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100