Earnings Notes - Danaher

LONDON, October 28, 2014 /PRNewswire/ --

Investor-Edge.com has issued free earnings notes on Danaher Corp. (NYSE: DHR). On October 16, 2014, the company reported its financial results for Q3 FY14 (period ended September 26, 2014). Click on http://www.investor-edge.com/FreeReports to read our free earnings review on Danaher Corp. During Q3 FY14, Danaher Corp.'s revenues and core revenues grew 4.5% and 3%, respectively, on a Y-o-Y basis, and its diluted EPS surged 13% from the preceding year quarter. Our free coverage report can be accessed at:

http://www.investor-edge.com/register

During Q3 FY14, Danaher Corp. reported net sales of $4.87 billion, compared to $4.67 billion in the same period last year. The company's net sales during the reported quarter came marginally below the Bloomberg analysts' forecast of $4.90 billion. The company's gross profit for Q3 FY14 increased to $2,565.7 million from $2,424.7 million in the prior-year quarter. The company's selling, general and administrative expenses totaled to $1,371.6 million during Q3 FY14, as compared to $1,303.2 million in the corresponding quarter last year. Further, its operating profit for Q3 FY14 increased to $865.8 million from $812.4 million in the year-ago quarter. As a result, Danaher Corp.'s net income broadened to $680.6 million, or $0.95 per diluted share, in Q3 FY14, from $597.0 million, or $0.84 per diluted share, in the same quarter last year. Analysts from Bloomberg had expected the company to report net income of $635.7 million, or $0.88 per diluted share, in Q3 FY14. The reported quarter's diluted EPS included a $0.04 per share after-tax gain on the divestiture of a product line and a $0.01 per share benefit from discrete tax items. The free research on DHR can be downloaded as in PDF format at:

http://www.Investor-Edge.com/DHRFreeReport

Thomas P Joyce, Jr., Danaher Corp.'s President and Chief Executive Officer, said that the Danaher team executed well, using the Danaher Business System to expand margins, generate strong cash flow performance, drive meaningful share gains and deliver better-than-expected earnings. He further stated that, as the company plans for 2015, it remains mindful of the challenging macroeconomic outlook including the recently stronger dollar. However, the company believes that its focus on high-impact growth investments and margin expansion, combined with its robust balance sheet and M&A capacity, position it to finish 2014 well and drive long term results, as per the CEO.

In its guidance for the quarter ending December 31, 2014, the company anticipates GAAP diluted net EPS in the range of $1.00 to $1.04. This range includes approximately $125 million, or approximately $0.13 per diluted share, of anticipated productivity charges that are partially offset by an approximate $0.07 per diluted share anticipated gain on the sale of marketable securities. Sign up and read the free analyst's notes on DHR at:

http://www.Investor-Edge.com/DHR-28102014

Stock Performance 

On the day of the earnings release, October 16, 2014, Danaher Corp.'s stock ended the session at $74.19, up 3.07%. On the last close, Monday, October 27, 2014, it finished at $77.87, which is 0.12% below its previous day's closing price, after vacillating between $77.38 and $77.97. A total of 1.64 million shares were traded, which was much below its three months average volume of 3.19 million shares. Over the previous three trading sessions and last one month, the company's shares have advanced 3.04% and 2.58%, respectively. Also, the stock has gained 0.87% from the beginning of 2014. Shares of Danaher Corp. are trading above their 50-day and 200-day moving averages of $76.03 and $76.04, respectively. Furthermore, the stock traded at a PE ratio of 21.50 and has a Relative Strength Index (RSI) of 62.83. Visit Investor-Edge and access the latest research on DHR at:

http://www.Investor-Edge.com/DHREarningsCoverage

Sneak Peek to Corporate Insider Trading 

In the last one month Danaher Corp. has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on DHR is available at:

http://www.Investor-Edge.com/DHRInsiderTrading

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