Investing Club: Danaher's stock drop looks like a buying opportunity after it reported a solid quarter
Life sciences and medical diagnostics company Danaher reported better-than-expected earnings and revenue for the fourth quarter. We view the dip in the stock as unjustified and an opportunity. Revenue increased nearly 10% on a core basis to $8.37 billion, well above estimates of $7.9 billion, according to Refinitiv. Adjusted profit increased 6.7% to $2.87 per share, exceeding the consensus estimate of $2.54 per share.
In this photo illustration, Danaher Corporation logo seen displayed on a smartphone with the stock market information of Danaher Corporation in the background.
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