Danaher Q4 Profit Up; Reaffirms 2014 Outlook - Quick Facts

(RTTNews) - Danaher Corp. (DHR) reported that its fourth-quarter net earnings from continuing operations were $789.3 million or $1.11 per share up from $630.4 million or $0.89 per share in the fourth quarter 2012.

Adjusted net earnings from Continuing Operations for the latest-quarter were $0.96 per share. Analysts polled by Thomson Reuters expected the company to report earnings of $0.95 per share for the quarter. Analysts' estimates typically exclude special items.

Sales for the quarter rose 6.0% to $5.267 billion from $4.975 billion in the prior year quarter. Eighteen analysts had consensus revenue estimate of $5.20 billion for the quarter. Core revenues increased by 2.5%.

The company anticipates that GAAP net earnings per share for the first-quarter ending March 28, 2014 will be in the range of $0.76 to $0.80. Analysts project first-quarter earnings of $0.82. per share.

The company reaffirmed full year 2014 net earnings per share guidance of $3.60 to $3.75 with core revenue expected to grow between 2% and 4%. Street currently is looking for fiscal year 2014 earnings of $3.77 per share on annual revenues of $20.07 billion.