Danaher Sees Growth In Q4 Core Revenues; Updates FY21 View - Quick Facts

While announcing higher third-quarter results, science and technology innovator Danaher Corp. (DHR) said it expects fourth-quarter non-GAAP core revenue growth to be in the low-to-mid teens percent range. The company also raised its fiscal 2021 core revenue growth view.

In pre-market activity on the NYSE, Danaher shares were losing around 1.4 percent to trade at $310.58.

For the full year 2021, the company now anticipates that the non-GAAP core revenue growth rate including Cytiva will be more than 20 percent.

The company previously expected full-year core revenue growth rate including Cytiva to be approximately 20 percent.

Rainer Blair, President and Chief Executive Officer, stated, "We continued to invest for growth across our businesses, expanding production capacity and accelerating innovation initiatives. Additionally, the recently closed acquisition of Aldevron enhances our portfolio and expands our capabilities into the important field of genomic medicine."

In the third quarter, net earnings attributable to common stockholders were $1.12 billion or $1.54 per share, a growth of 33 percent from prior year's $842 million or $1.16 per share.

Adjusted net earnings per share were $2.39, compared to $1.72 a year ago.

Analysts had expected the company to earn $2.15 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Revenues increased 23 percent to $7.23 billion from last year's $5.88 billion. Analysts were looking for revenues of $7 billion. The company recorded 20.5 percent non-GAAP core revenue growth.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Meta Platforms Inc., the parent of Facebook, Instagram, and WhatsApp, said it is launching more options on WhatsApp to control their messages and how long they stick around, with default disappearing messages and multiple durations. The latest features are expected to bring more control and privacy on the popular messaging app. Delivery services company DoorDash has introduced ultra-fast grocery deliveries with DashMart in Chelsea, New York City. The company said it aims to deliver in 10-15 minutes and plans to expand its new service in select DoorDash grocery and convenience partners over the next year. With over 2,000 items, DashMart offers a wide assortment of fresh and frozen grocery staples, snacks, household goods, and local products. Ontario, Canada-based Erie Meat Products Ltd. is recalling approximately 1,224 pounds of fully cooked chicken bologna products, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The chicken bologna products were imported and distributed into the United States without the benefit of FSIS import reinspection.
Follow RTT