Jefferies Raises Price Target on Danaher (DHR) to $93 Following 2Q Earnings Report

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Go back to Jefferies Raises Price Target on Danaher (DHR) to $93 Following 2Q Earnings Report

Danaher Reports Second Quarter 2016 Results

July 25, 2016 6:01 AM EDT

WASHINGTON, July 25, 2016 /PRNewswire/ -- Danaher Corporation (NYSE: DHR) today announced results for the second quarter 2016. For the quarter ended July 1, 2016, net earnings from continuing operations were $656.7 million, or $0.94 per diluted share on a GAAP basis, which represents a 5% year-over-year decrease.  The results for the second quarter include the operations of Fortive Corporation ("Fortive"), which was spun-off to Danaher's shareholders on July 2, 2016.

Non-GAAP adjusted diluted net earnings per share from continuing operations for the second quarter 2016 was $1.25 per share, which reflects the adjustments identified in the attached reconciliation schedule.  This represents a 17%... More