Danaher Earnings: Double-Digit Revenue Growth Tops Analyst Estimate
Danaher Corp. (NYSE:DHR) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.53%.
Danaher Corp. Earnings Cheat Sheet
Results: Net income increased 10.46% to $630.4 million (86 cents per diluted share) in the quarter versus a net gain of $570.71 million in the year-earlier quarter.
Revenue: Rose 10.3% to $4.98 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Danaher Corp. reported adjusted net income of 86 cents per share. By that measure, the company met the mean analyst estimate of $0.86. It beat the average revenue estimate of $4.81 billion.
Quoting Management: H. Lawrence Culp, Jr., President and Chief Executive Officer, stated, “We were pleased by the strong finish to 2012, which was broad-based across most of our businesses. The team’s application of the Danaher Business System led to a solid year of earnings growth, year-over-year core margin expansion and outstanding cash flow performance including a record $3.0 billion of free cash flow generation…
…While cognizant of the current macroeconomic challenges, we will continue our focus on gaining market share and remaining active on the acquisition front in 2013.”
Revenue increased 12.78% from $4.42 billion in the previous quarter. Net income increased 14.88% from $548.74 million in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.79 to a profit $0.78. For the current year, the average estimate has moved up from a profit of $3.16 to a profit of $3.2 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials.)