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Danaher expects 2018 net EPS to be above 2017 consensus, but sees adjusted EPS a touch lighter

Last updated: 13:34 14 Dec 2017 GMT, First published: 08:34 14 Dec 2017 GMT

Scientists
However Danaher 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

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.

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