Danaher (DHR) upped its revenue guidance for the fourth quarter on January 8. The company is scheduled to report fourth quarter earnings on January 29.
At the conference the company said that its core revenue growth for 2018 to date was 6%. Core operating margins were up 100 basis points and gross margins climbed 60 basis points.
In the third quarter, Danaher beat analyst GAAP earnings estimates of 93 cents a share by 6 cents a share. Revenue climbed 7.1% year over year to $4.85 billion, $50 million above Wall Street estimates.
The shares are up 22.97% since I added them to my Jubak Picks Portfolio on June 20, 2017. Today I’m tweaking my target price slightly higher to $112 a share from the previous $110. The stock closed at $105.36 today, January 10. The shares pay a 0.64% dividend.
The shares closed at a low of $94.85 at the end of the big sell off on December 24. The gain from that low through the close today is 11.1%.