New book by Larry Connors Click here Improve your trading - See how
The Washington-based company posted GAAP net earnings of $351 million or $1.05 per share, compared to $372 million or $1.11 per share in the year-ago quarter. On a non-GAAP basis, the company earned adjusted net earnings of $299 million or $0.89 per share, lower than $382 million or $1.14 per share in the prior-year quarter. On average, 17 analysts polled by Thomson Reuters expected the company to report $0.86 per share for the quarter. Analysts' estimates typically exclude special items. Sales for the quarter declined 14.5% to $2.75 billion from last year's $3.21 billion, and surpassed eleven analysts' consensus revenue estimate of $2.72 billion. Core revenues declined 14% in the recent quarter. Operating profit dropped to $464.6 million from $522.14 million in the comparable quarter. Total operating expenses were $2.29 billion in the third-quarter of 2009, higher than $2.69 billion last year. Lawrence Culp, President and Chief Executive Officer, said, "We were encouraged by the sequential improvement in revenues and our very strong margin and cash flow performance in the quarter. Our free cash flow was $472 million in the quarter, with a free cash flow to net income conversion ratio of 134%. Our focus on capturing market share while also accelerating cost reductions in a difficult economy, coupled with our continued progress in our acquisition efforts, positions us well for the balance of 2009 and beyond." For the first nine months of fiscal 2009, GAAP net earnings were $885 million or $2.66 per share, versus $1.01 billion or $3.03 per share in the same period last year. Non-GAAP earnings were $802.26 million or $2.41 per share, in comparison with $1.04 billion or $3.12 per share in the year-ago period. Sales for the nine-month period totaled $8.05 billion, down from $9.52 billion a year ago. Among others in the industry, Johnson Controls Inc. (JCI | Quote | Chart | News | PowerRating) is set to release its fourth-quarter numbers on October 27, with Wall Street analysts forecasting earnings of $0.50 per share on revenues of $7.79 billion. Danaher's another peer Emerson Electric Co. (EMR | Quote | Chart | News | PowerRating) may report its fourth-quarter results on November 3, with analysts looking for earnings of $0.60 per share on revenue of $5.29 billion. DHR closed Wednesday's regular trading session at $70.57. In the past 52 weeks, shares have been trading in a broad range of $47.20 - $71.60. For comments and feedback: contact editorial@rttnews.com Copyright(c) 2009 RTTNews.com, Inc. All Rights Reserved
For full details on Danaher Corp (DHR) click here. Danaher Corp (DHR) has Short Term PowerRatings of 5. Details on Danaher Corp (DHR) Short Term PowerRatings is available at This Link.
Email Print Archives Feedback Email Article Link
Close X
Related News [DHR]
UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
Thursday December 3 12:30 PM
* Attendance is strictly limited and are filled on a first-come, first-served basis.
The TradingMarkets Directory
Stocks
Options
Forex
E-mini/Futures
How to Trade
Tools
PowerRatings
Blogs
Premium Subscription Services
RELATED SITES
Please call 1-213-955-5858 ext. 1
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment. HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. The Connors Group, Inc. © Copyright 2009 The Connors Group, Inc. All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy. © 2009 The Connors Group, Inc.
|
