Danaher Corporation (DHR) reported quarterly earnings results on Thursday, Apr-21-2016. The company said it had a profit of $1.08 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $1.03. The company posted revenue of $5387.20 million in the period, compared to analysts expectations of $5329.83 million. The company’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS.
Many Wall Street Analysts have commented on Danaher Corporation. Company shares were Reiterated by Barclays on Apr 18, 2016 to “Overweight”, Firm has raised the Price Target to $ 104 from a previous price target of $99 .Danaher Corporation was Downgraded by Bernstein to ” Mkt Perform” on Apr 4, 2016. Shares were Reiterated by RBC Capital Mkts on Jan 27, 2016 to “Sector Perform” and Lowered the Price Target to $ 87 from a previous price target of $93 .
Danaher Corporation opened for trading at $94.18 and hit $94.61 on the upside on Monday, eventually ending the session at $94.36, with a gain of 0.25% or 0.24 points. The heightened volatility saw the trading volume jump to 18,27,837 shares. Company has a market cap of $64,840 M.
In a different news, on Feb 29, 2016, Daniel Raskas (SVP-Corporate Development) sold 4,656 shares at $89.00 per share price. According to the SEC, on Feb 29, 2016, Walter G Lohr (director) sold 8,000 shares at $89.06 per share price. On Feb 11, 2016, Donald J Ehrlich (director) sold 8,000 shares at $86.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Danaher Corporation (Danaher) designs manufactures and markets professional medical industrial and commercial products and services. It operates in five segments: Test & Measurement; Environmental; Life Sciences & Diagnostics; Dental and Industrial Technologies. The Test & Measurement segment offers test measurement and monitoring products. The Environmental segment products and services help protect the global water supply facilitate environmental stewardship and enhance the safety of personal data. The Companys diagnostics business offers analytical instruments reagents consumables software and services. The Dental segment provides products that are used to diagnose treat and prevent disease and ailments of the teeth gums and supporting bone. The Companys Industrial Technologies solutions help protect the worlds food supply improve packaging design and quality verify pharmaceutical dosages and authenticity and power innovative machines.