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Why Is Life Science-Focused Danaher Trading Higher On Tuesday?

Tuesday, Danaher Corp (NYSE:DHR) said its first-quarter sales decreased 2.5% Y/Y to $5.79 billion, beating the consensus of $5.62 billion.  Non-GAAP core revenue decreased 4%, exceeding expectations of a high-single-digit decline. Operating cash flow was $1.7 billion, and non-GAAP free cash flow was $1.4 billion. Rainer Blair, President and CEO, stated, “We had a good start to 2024, with our team delivering better-than-expected revenue, earnings, and cash flow. We were ...