5 Stocks in Focus After Releasing Their Earnings Reports

2. Danaher Corporation (NYSE:DHR)

Number of Hedge Fund Holders: 78

Danaher Corporation (NYSE:DHR) recently announced better-than-expected financial results for the third quarter. The medical and diagnostics company reported adjusted earnings of $2.39 per share, well above $1.72 per share in the comparable period of 2020.

Revenue came in at $7.23 billion, compared to $5.88 billion in the same period last year. Analysts were expecting Danaher Corporation (NYSE:DHR) to report earnings of $2.15 per share on revenue of $7 billion.

Discussing the results, CEO Rainer Blair said:

“Our team delivered another outstanding result in the third quarter, with over 20% core revenue growth and terrific earnings and cash flow performance.  We continued to invest for growth across our businesses, expanding production capacity and accelerating innovation initiatives.  Additionally, the recently closed acquisition of Aldevron enhances our portfolio and expands our capabilities into the important field of genomic medicine.”