NEW YORK (GenomeWeb) – Danaher today initiated its 2018 outlook, saying earnings per share is anticipated to be in the range of $3.50 to $3.60.
On an adjusted basis, EPS was guided to a range of $4.25 to $4.35, which assumes revenue growth of between 3.5 percent and 4 percent, the company said. The consensus Wall Street estimate for 2018 is for EPS of $4.34.
"Our most recent larger acquisitions —Cepheid, Pall, and Nobel — continue to perform well and have improved meaningfully as part of Danaher. In addition, this year's strong cash flow performance positions us well for future capital deployment," Danaher President and CEO Thomas Joyce said in a statement. "Looking ahead,, we remain focused on building a better, stronger Danaher and see significant growth and margin opportunities across our portfolio."
In early morning trading on the New York Stock Exchange today, shares of Danaher were down a fraction of 1 percent at $93.81.