Danaher Guides Q1, FY23 Revenue Growth Above Estimates - Update

RTTNews | 945天前
Danaher Guides Q1, FY23 Revenue Growth Above Estimates - Update

(RTTNews) - While reporting financial results for the fourth quarter on Tuesday, science and technology company Danaher Corp. (DHR) provided revenue growth guidance for the first quarter and full-year 2023.

The company now projects core revenue growth in the mid-single digits for the first quarter, and adjusted base business core revenue growth in the high-single digits.

On average, analysts polled by Thomson Reuters expect the company to report a revenue decline of 4.3 percent to $7.36 billion for the quarter and a revenue decline of 0.6 percent to $30.71 billion for the year.

The Company said it provides forecasted sales only on a adjusted basis because of the difficulty in estimating the other components of revenue, such as currency translation, acquisitions and divested product lines.

Starting with the first quarter 2023, the Company will revise its definition of base business core growth to exclude revenues related to COVID-19 testing, vaccines and therapeutics, in addition to the exclusion of currency translation, acquisitions and divested product lines.

"Looking ahead, we believe the combination of our leading portfolio, the power of the Danaher Business System and the strength of our balance sheet position Danaher to continue generating sustainable, long-term shareholder value for many years to come," said Rainer Blair, President and Chief Executive Officer.

read more
Danaher To Acquire Abcam In About $5.7 Bln All-cash Deal

Danaher To Acquire Abcam In About $5.7 Bln All-cash Deal

Science and technology innovator Danaher Corp. (DHR) announced Monday that it has entered into a definitive agreement to acquire Cambridge, UK-based Abcam plc (ABCM), a supplier of protein consumables, pursuant to which Danaher will acquire all of the outstanding shares of Abcam for $24.00 per share in cash, or a total enterprise value of approximately $5.7 billion, including assumed indebtedness and net of acquired cash.
RTTNews | 729天前
TSX Modestly Higher As Financials, Mining Stocks Move Up

TSX Modestly Higher As Financials, Mining Stocks Move Up

Despite concerns about global trade, and political uncertainty in Europe, the Canadian market is modestly higher Tuesday afternoon, supported by gains in materials, industrials and financials sectors.
RTTNews | 50分鐘前
Swiss Market Settles Weak

Swiss Market Settles Weak

After opening with a big negative gap Tuesday morning, the Swiss market gradually recovered some lost ground, and even managed a brief spell in positive territory midway through the session, but failed to sustain momentum and finally ended the day's session in the red.
RTTNews | 1小時8分鐘前
U.S. Consumer Confidence Index Edges Lower In August

U.S. Consumer Confidence Index Edges Lower In August

A report released by the Conference Board on Tuesday showing a modest deterioration by consumer confidence in the U.S. in the month of August. The Conference Board said its consumer confidence index dipped to 97.4 in August from an upwardly revised 98.7 in July.
RTTNews | 5小時0分鐘前
U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected

U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected

Reflecting a continued plunge by orders for transportation equipment, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of July. The Commerce Department said durable goods orders slumped by 2.8 percent in July after plummeting by a revised 9.4 percent in June.
RTTNews | 5小時11分鐘前
Bay Street May Open On Weak Note

Bay Street May Open On Weak Note

Canadian shares look headed for negative start on Tuesday, weighed down by weak oil prices, and concerns about global trade after U.S. President Donald Trump threatened 200% tariffs on China if Beijing does not export rare-earth magnets to the U.S.
RTTNews | 6小時30分鐘前