Danaher Corp. (NYSE:DHR) saw its shares tick higher in pre-market trading after the diversified industrial company said it expects its 2018 net earnings per share to be above the 2017 consensus forecast, although adjusted EPS was predicted to be a touch lighter.
The NYSE listed firm said it expects its 2018 net EPS to rise to a range of US$3.50 to US$3.60, which is around 3% to 5% above the 2017 consensus of US$3.40.
However, the group added that it expects its 2018 adjusted EPS to be US$4.25 to US$4.35, the midpoint of which is below the 2017 consensus of US$4.34.
The company said the adjusted EPS outlook assumes core revenue growth of between 3.5% to 4.0%, lower than the 4.9% growth based on revenue consensus of US$19.08bn, with the 2017 consensus revenue forecast at US$18.2bn.
In pre-market trading in New York, Danaher shares were up 0.3% at US$94.45.