How does DHR's Q2 2024 earnings compare to forecasts?

Danaher's (DHR) Q2 2024 earnings were slightly better than forecasts in terms of net income, but revenue fell short of expectations. Here's a detailed comparison: 1. **Earnings Per Share (EPS)**: - Danaher reported an EPS of $1.92 for Q2 2024. - This beat the consensus estimate of $1.72 by $0.20. - Forecasts for Q2 2024 had estimated an EPS of $1.56. - Thus, the reported EPS exceeded forecasts by approximately 24%. 2. **Revenue**: - Danaher reported revenue of $5.80 billion for the quarter. - This was slightly below the analyst estimate of $5.62 billion. - Forecasts for revenue had anticipated $5.80 billion. - Therefore, revenue was essentially in line with forecasts, with a slight shortfall. 3. **Net Income**: - Danaher reported a net income of $907 million for Q2 2024. - This compares favorably to the estimated net income of $704 million based on the EPS forecast of $1.56. - The reported net income exceeded forecasts by approximately 29%. 4. **Market Challenges and Adjustments**: - Danaher faced market challenges, as evidenced by a 4.0% decrease in non-GAAP core revenue. - The company's non-GAAP adjusted EPS of $1.92 reflected adjustments for amortization and other non-recurring items. - These adjustments highlight the company's efforts to manage performance amidst challenging market conditions. In summary, Danaher's Q2 2024 earnings exceeded forecasts in terms of EPS and net income, while revenue was marginally below expectations. The company's strategic adjustments and market share gains in certain segments likely contributed to these positive outcomes.