Danaher reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Danaher announced earnings per share of $1.28 on revenue of $4.87B. Analysts polled by anticipated EPS of $1.25 on revenue of $4.78B. That with comparison to EPS of $1.28 on revenue of $5.36B in the same period a year before. Danaher had reported EPS of $1.16 on revenue of $5.04B in the previous quarter. Analysts are expecting EPS of $1.05 and revenue of $4.4B in the upcoming quarter.
Danaher shares are up 2.78% from the beginning of the year and are trading at $165.22 , still down 0.57% from its 52 week high of $166.17 set on January 29. They are outperforming the S&P 500 which is up 0.87% year to date.
Danaher follows other major Technology sector earnings this month
Danaher's report follows an earnings beat by Apple on Tuesday, who reported EPS of $4.99 on revenue of $91.82B, compared to forecasts EPS of $4.54 on revenue of $88.38B.
Microsoft had beat expectations on Wednesday with second quarter EPS of $1.51 on revenue of $36.91B, compared to forecast for EPS of $1.32 on revenue of $35.67B.
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