Danaher (DHR) falls 5% despite Q2 earnings beat

Danaher (NYSE: DHR) shares fell over 4.5% in pre-market Tuesday despite the company reporting better-than-expected profit and revenue numbers.

Danaher posted a profit per share of $2.05 on revenue of $7.16 billion, ahead of the consensus for earnings of $2.01 on revenue of $7.11B. Operating profit was reported at $1.43 billion.

The weakness in shares could be assigned to weaker-than-expected FCF, which came in at $1.59 billion, missing the consensus of $1.73B.

"We are pleased with our second quarter results which met our expectations, despite a more dynamic operating environment," Rainer M. Blair, President and Chief Executive Officer, stated.

By Senad Karaahmetovic

You May Also Be Interested In

• After-Hours Movers: WDAY, ADSK, S, RBRK, MRVL, ULTA, GAP, AFRM
• Ulta Beauty (ULTA) Tops Q2 EPS by 38c, Offers Outlook
• Premarket movers: Gap surges 13%, PayPal tumbles on abandoned buyout deal report