Danaher Q2 Profit Rises; Narrows FY14 EPS View - Quick Facts

(RTTNews) - Danaher Corp. (DHR) reported that its net earnings for the quarter second-ended June 27, 2014 rose to $676.4 million or $0.95 per share from $616.8 million or $0.87 per share in the second quarter of 2013. Analysts polled by Thomson Reuters expected the company to report earnings of $0.94 per share for the quarter. Analysts' estimates typically exclude special items.

Included in second quarter of 2014 net earnings per share was a $0.02 per share after-tax gain on the sale of marketable securities.

Revenues for the second quarter of 2014 were $5.0 billion, 5% higher than the $4.7 billion reported for the second quarter of 2013. Core revenues increased 3% in the second quarter of 2014 compared to the second quarter of 2013. Wall Street expected revenues of $4.97 billion for the quarter.

H. Lawrence Culp, Jr., President and Chief Executive Officer, said, "We believe that our robust balance sheet, continued focus on organic growth opportunities and confidence in deploying our more than $8 billion in acquisition capacity will drive solid performance in the second half of 2014 and beyond."

The company anticipates that GAAP net earnings per share for the third-quarter ending September 26, 2014 will be in the range of $0.86 to $0.89. Analysts expect earnings of $0.93 per share for the third-quarter.

The company narrowed its net earnings per share guidance for the full year 2014 to $3.67 to $3.72 on a GAAP basis. Analysts project annual earnings per share of $3.75. The company said in April that it expected earnings of $3.60 to $3.75 per share for the full year 2014.