5 Companies That Just Smashed Earnings Estimates

2. Danaher Corporation (NYSE:DHR)

Number of Hedge Fund Holders: 83

Shares of Danaher Corporation (NYSE:DHR) climbed to a nearly three-month high on Thursday, July 21, 2022, after the Washington-based company surpassed profit and sales expectations for the second quarter.

Danaher Corporation (NYSE:DHR) reported adjusted earnings of $2.76 per share, smashing the expectations of $2.35 per share. The quarterly revenue of $7.8 billion also surpassed analysts’ average estimate of $7.32 billion.

Speaking on the results, CEO of Danaher Corporation (NYSE:DHR), Rainer M. Blair, said:

“We are pleased with our strong start to 2022.  Our teams executed well in a challenging environment to deliver high-single digit core revenue growth, double-digit adjusted earnings per share growth and $2.0 billion of operating cash flow.  We were particularly encouraged with the high-single digit growth in our base business and believe we gained market share across the portfolio.”