Danaher Corp. Q3 Profit Decreases, but beats estimates

(RTTNews) - Danaher Corp. (DHR) announced a profit for third quarter that decreased from last year but beat the Street estimates.

The company's earnings totaled $1.129 billion, or $1.51 per share. This compares with $1.551 billion, or $2.10 per share, in last year's third quarter.

Excluding items, Danaher Corp. reported adjusted earnings of $2.02 per share for the period.

Analysts on average had expected the company to earn $1.76 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 10.3% to $6.873 billion from $7.663 billion last year.

Danaher Corp. earnings at a glance (GAAP) :

-Earnings (Q3): $1.129 Bln. vs. $1.551 Bln. last year. -EPS (Q3): $1.51 vs. $2.10 last year. -Analyst Estimates: $1.76 -Revenue (Q3): $6.873 Bln vs. $7.663 Bln last year.