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Danaher : beats Street 1Q forecasts

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04/20/2017 | 12:10 pm

WASHINGTON (AP) _ Danaher Corp. (DHR) on Thursday reported first-quarter net income of $506.1 million.

The Washington-based company said it had net income of 72 cents per share. Earnings, adjusted for one-time gains and costs, came to 85 cents per share.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share.

The industrial and medical device maker posted revenue of $4.21 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $4.17 billion.

For the current quarter ending in July, Danaher expects its per-share earnings to range from 95 cents to 98 cents.

The company expects full-year earnings in the range of $3.85 to $3.95 per share.

Danaher shares have climbed 11 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 4 percent. The stock has fallen roughly 9 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DHR at https://www.zacks.com/ap/DHR

Keywords: Danaher, Earnings Report

Automated Insights, source Associated Press News

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