Danaher Raises Q4 EPS Guidance to $0.64 to $0.66

At an institutional investor and analyst meeting held in New York today, Danaher Corporation DHR commented on the performance outlook of the company for the balance of 2010 and 2011. President and Chief Executive Officer H. Lawrence Culp, Jr. announced that the company has raised its fourth quarter 2010 non-GAAP adjusted earnings per share guidance from the previous range of $0.61 to $0.66 to a new range of $0.64 to $0.66. As a result, full year 2010 non-GAAP adjusted earnings per share guidance increased from a previous range of $2.25 to $2.30 to a new range of $2.28 to $2.30. The guidance includes approximately $60 million of anticipated incremental restructuring and growth spending in the fourth quarter. The company also indicated that it expects 2011 GAAP earnings per share to be in the range of $2.55 to $2.70. First quarter 2011 GAAP earnings per share is anticipated to be in the range of $0.52 to $0.57. Additionally, the company expects core revenues to grow approximately 6% to 8% in 2011 compared to 2010.