Danaher Corporation (NYSE:DHR) reported first quarter earnings before the bell today, that beat street view.
On a GAAP basis, DHR reported income from continuing operation of $ 566.60 million or 80 cents per share, compared with income of $ 483.80 million or 69 cents per share, a year ago period.
Excluding special items, the company announced adjusted income from continuing operation of 99 cents per share.
Headquartered in Washington, the District of Columbia, DHR recorded sales that rose 12% to $ 4.70 billion from $ 4.21 billion in the same quarter last year.
Analysts polled by Thomson Reuters expected Danaher to reveal income of $ 0.94 per share on revenue of $ 4.54 billion for the first quarter.
Thomas P. Joyce, Jr., President and CEO, stated, We are off to an outstanding start in 2018, with the first quarter coming in ahead of our initial expectations. We delivered 5.5% core revenue growth, mid-teens earnings per share growth and free cash flow that increased more than 70% year-on-year. This strong performance was broad-based, with four of our five platforms delivering mid-single digit or better core revenue growth.
For the second quarter 2018, the Company anticipates Non-GAAP adjusted net earnings in the range of $1.07 to $1.10 per diluted share.
Similarly, DHR now expects its 2018 non-GAAP adjusted net earnings to be in the range of $4.38 to $4.45 per diluted share compared to previous guidance of $4.25 to $4.35 per diluted share.