UPDATE: Danaher Q3 Profit Surges 8.8%

Danaher DHR reported an 8.8% rise in its third-quarter earnings. Danaher's quarterly profit surged to $597 million, or $0.84 per share, from $548.7 million, or $0.77 per share, in the year-ago period. Danaher expected earnings of $0.78 to $0.83 per share. Its sales climbed 5.7% to $4.67 billion, versus analysts' estimates of $4.62 billion. Danaher's gross margin rose to 51.9% from 51.6%. Danaher shares closed at $69.15 yesterday.