Danaher (NYSE: DHR) reported Q1 EPS of $0.85, $0.01 better than the analyst estimate of $0.84. Revenue for the quarter came in at $4.2 billion versus the consensus estimate of $4.17 billion.

GUIDANCE:

Danaher sees FY2017 EPS of $3.85-$3.95, versus the consensus of $3.95.

Thomas P. Joyce, Jr., President and Chief Executive Officer, stated, "We are off to a good start in 2017. During the first quarter, our two most recent large acquisitions, Pall and Cepheid, performed very well. We drove share gains in a number of our operating companies and achieved high-single-digit adjusted earnings per share growth. We also continued to reinvest in our businesses to enhance our long-term growth trajectory, and we feel well-positioned to benefit from a number of compelling market drivers across the portfolio."

Joyce continued, "Through focused execution across the portfolio, and with the Danaher Business System continuing to serve as our foundation, we see tremendous opportunities to deliver long-term value creation for shareholders."

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