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Danaher Stock Tumbles 3.97% Amid Earnings Anticipation and Financial Woes

Mover TrackerTuesday, Oct 22, 2024 6:30 pm ET

1min read

On October 22, Danaher Corporation (DHR) witnessed a decrease of 3.97%, marking its second consecutive day of decline. Over the past two days, the stock has fallen 4.77%, reaching its lowest point since July 2024.

Recent financial reports reflect that as of June 28, 2024, Danaher's total revenue reached $11.539 billion, representing a year-over-year decrease of 2.71%. Meanwhile, the net income attributable to shareholders declined by 21.95%, amounting to $1.995 billion.

As a significant date approaches, Danaher is set to release its fiscal 2024 third-quarter earnings report before the market opens on October 22, as indicated by Nasdaq's schedule. This upcoming report will be closely scrutinized to assess the company’s current performance and outlook amid recent downturns.

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