For the second quarter Danaher reported earnings of 93 cents a share, missing the Capital IQ Consensus Estimate of 94 cents a share by 1 cent. Revenue grew 3.6% from the year-ago quarter to $4.96 billion, in line with analysts' estimates.
Danaher also narrowed its guidance for full-year 2014, saying it now expects earnings of $3.67 to $3.72 a share, compared to earlier projections of $3.60 to $3.75 a share.. The company expects earnings of 86 cents to 89 cents a share for the third quarter.
Must read: Warren Buffett's 25 Favorite StocksSTOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreet Ratings team rates DANAHER CORP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation: "We rate DANAHER CORP (DHR) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income." DHR data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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