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Life Science Giant Danaher's Q2 Earnings Beat Estimates On 'Sustained Positive Momentum In Bioprocessing Business', Maintains Guidance
On Tuesday, Danaher Corp's (NYSE:DHR) second quarter sales decreased 3% year-over-year to $$5.743 billion, beating the consensus of $5.59 billion.
Non-GAAP core revenue decreased by 3.5%, compared to the expectations of a decline in the mid-single digits.
Danaher reported second-quarter adjusted EPS of $1.72, beating the consensus of $1.57.
Operating cash flow was $1.4 billion, and non-GAAP free cash flow was $1.1 billion.
Rainer M. Blair, President and Chief Executive Officer, stated, "We were particularly pleased with the sustained positive momentum in our bioprocessing business and ...