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- Danaher Corporation (NYSE:DHR) logged a higher profit for the second quarter as its sales grew.
- Adjusted EPS increased 71% Y/Y to $2.46, surpassing the estimate of $2.05.
- Sales increased 36.5% to $7.2 billion, with 31.5% non-GAAP core revenue growth, beating the $6.7 billion estimate.
- Operating cash flow was $2.1 billion, representing a 46.5% increase and non-GAAP free cash flow was $1.8 billion, +41%.
- The gross margin expanded to 61% from 54% a year ago, operating margin too increased to 28.3% from 23.1%.
- Outlook: For Q3, the Company anticipates that non-GAAP core revenue growth will be in the mid-to high-teens percent range.
- For FY21, the Company anticipates that the non-GAAP core revenue growth rate, including Cytiva will be approximately 20%.
- Price Action: DHR shares are down 0.3% at $278.78 during the premarket session on the last check Thursday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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