Danaher Sales Surge 24%, Beats Estimates(DHR)

Washington, DC based Danaher Corporation DHR released financial results on Thursday morning that beat Wall Street estimates. Danaher Corporation (DHR) reported that its 2nd quarter net earnings climbed 26% to $372.5 million, or 55 cents per share, up from $295.7 million, or 44 cents per share, a year earlier. Excluding special items, the company reported earnings of 56 cents per share. Strong sales growth in emerging markets fueled a 24% jump in revenue to $3.31 billion. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 53 cents per share, on revenue of $3.21 billion. Danaher Corporation said that the economic environment is improving and that it expects its sales growth to continue over the next two quarters. The consensus price target of analysts covering the company's stock is $46.25 per share. Read more from Benzinga's Company news.