Danaher Corp. (DHR: Quote) reported that its fourth-quarter net earnings were $630.4 million, or $0.89 per share, up from $570.7 million or $0.80 per share in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.86 per share for the quarter. Analysts’ estimates typically exclude special items.
Included in the fourth quarter 2012 results was a $0.02 per share benefit from a mark-to-market gain from the change in value of a currency swap agreement.
Sales for the fourth quarter were $4.98 billion, 5.5% higher than the $4.72 billion reported for the 2011 fourth quarter. Core revenues increased 3.5% in the quarter compared to the fourth quarter of 2011. Eighteen analysts had consensus revenue estimate of $4.81 billion for the quarter.
The company anticipates that non-GAAP adjusted net earnings per share for the first-quarter ending March 29, 2013 will be in the range of $0.72 to $0.77. Net Earnings Per Share from Continuing Operations for the first-quarter is expected to be in the range of $0.94 – $0.99. Analysts expect the company to report earnings of $0.78 per share for the first-quarter.
The company expects to close on the pending divestiture of its interest in Apex Tool Group within the next two weeks and as a result it is updating its full year 2013 non-GAAP adjusted net earnings per share guidance range to $3.32 to $3.47 from a previous GAAP net earnings per share range of $3.40 to $3.55. Net earnings per share from continuing operations is expected to be in the range of $3.54 – $3.69 for fiscal 2013. Analysts expect the company to report earnings of $3.52 per share for fiscal 2013.
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by RTT Staff Writer
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