logo
Plus   Neg
Share
Email

Danaher Slashes FY19 Earnings Outlook - Quick Facts

While reporting financial results for the first quarter, Danaher Corp. (DHR) on Thursday slashed its earnings outlook for the full-year 2019, reflecting the dilution related to its recent equity offerings to fund the GE Biopharma acquisition, partially offset by first quarter 2019 performance.

For fiscal 2019, the company now projects earnings in a range of $3.34 to $3.42 per share, and adjusted earnings in a range of $4.72 to $4.80 per share. Previously, the company had projected full year earnings in the range of $3.85 to $3.95 per share, and adjusted earnings in the range of $4.75 to $4.85 per share.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $4.79 per share for the year. Analysts' estimates typically exclude special items.

For the second quarter, the company anticipates earnings in the range of $0.89 to $0.92 per share and adjusted earnings in the range of $1.13 to $1.16 per share. Analysts expect earnings of $1.19 per share for the quarter.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Electronics retailer Best Buy Co., Inc. (BBY) reported Thursday a 27 percent increase in profit for the first quarter from last year, which was impacted by restructuring charges, and higher revenues. Both adjusted earnings per share and revenues for the quarter topped analysts' estimates. The company also provides guidance for the second quarter and reiterated its outlook for the full-year 2020. While reporting financial results for the second quarter on Thursday, Hormel Foods Corp. (HRL) lowered its earnings and net sales guidance for the full-year 2019. For fiscal 2019, the company now projects earnings in a range of $1.71 to $1.85 per share, and net sales between $9.70 billion and $10.20... NetApp Inc. (NTAP) Wednesday reported a fourth-quarter profit that fell short of Wall Street estimates, as revenues slipped 3 percent. Shares of the company slipped 6% in extended trading session after its first-quarter outlook was also short of current expectations. Sunnyvale, California-based NetApp...
Follow RTT