UPDATE: Danaher Reports Upbeat Q4 Profit

Danaher Corp DHR reported a rise in its fourth-quarter profit. Danaher's quarterly profit climbed to $570.7 million, or $0.80 per share, from $473.9 million, or $0.69 per share, in the year-ago period. Its sales surged to $4.72 billion from $3.43 billion. However, analysts were expecting a profit of $0.78 per share on sales of $4.69 billion. Danaher projects Q1 earnings in a range of $0.66 to $0.71 per share, versus analysts' estimates of $0.71 per share. Danaher shares closed at $52.43 yesterday.