Danaher (DHR) Stock Gains on Q2 Earnings Beat

Danaher (DHR) reported better-than-expected 2016 second quarter earnings before the market open this morning.
By Rachel Aldrich ,

NEW YORK (TheStreet) -- Shares of Danaher (DHR) - Get Report  are advancing 1.37% to $82.35 after the company reported 2016 second quarter earnings that topped estimates.

The company reported non-GAAP earnings of $1.25 per share, which beat analysts' estimates of $1.22 per share.

Danaher also reported revenue of $5.8 billion. Wall Street had been looking for revenue of $5.76 billion for the quarter.

The Washington, DC-based global science and technology company completed a spin-off of several of its business units into a new company, Fortive (FTV), at the beginning of July.

Speaking of the split, CEO Thomas Joyce said in a statement that "going forward, Danaher will be a diversified, multi-industry, science and technology company with the Danaher Business System continuing as our foundation and competitive advantage."

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratigns rates the stock as a "buy" with a ratings score of A+.

The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, reasonable valuation levels and good cash flow from operations. Although no company is perfect, currently TheStreet Ratings does not see any significant weaknesses which are likely to detract from the generally positive outlook.

You can view the full analysis from the report here: DHR

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