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Danaher shares tumble despite earnings beat
['Sam Boughedda', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Core revenue grew 3.0% YoY, or 4.5% excluding respiratory testing revenue.
However, the company's third quarter core revenue growth guidance of 2.0% to 3.0% appeared to disappoint investors, driving the sharp decline in shares.
For the full year 2026, Danaher expects core revenue growth in the 3.0% to 4.0% range.
The company's Biotechnology segment posted 2.5% core revenue growth, Life Sciences grew 5.5%, and Diagnostics increased 2.0%.
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