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Danaher: 1Q Earnings Snapshot

WASHINGTON (AP) _ Danaher Corp. (DHR) on Thursday reported first-quarter net income of $333.8 million.

On a per-share basis, the Washington-based company said it had net income of 46 cents. Earnings, adjusted for pretax expenses and amortization costs, were $1.07 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.

The industrial and medical device maker posted revenue of $4.88 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $4.79 billion.

For the current quarter ending in July, Danaher expects its per-share earnings to range from $1.13 to $1.16. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.03.

The company expects full-year earnings in the range of $4.72 to $4.80 per share.

Danaher shares have risen 21 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 16 percent. The stock has risen 23 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