Danaher (NYSE:DHR) shares dipped today despite third-quarter results that came in well ahead of the consensus forecast.
The Washington, D.C.-based company posted profits of $1.6 billion, or $2.10 per share, on sales of $7.7 billion for the three months ended Sept. 30, 2022, for a 35.8% bottom-line gain on sales growth of 6%.
Adjusted to exclude one-time items, earnings per share were $2.56, 30¢ ahead of Wall Street, where analysts were looking for sales of $7.2 billion.
“We are pleased with our third quarter performance,” said Danaher president and CEO Rainer Blair. “The team maintained strong momentum in a challenging operating environment to deliver double-digit core revenue growth and solid margin expansion, earnings growth and cash flow generation. Our growth was broad-based across all three segments, a testament to the durability and attractive end-market positioning of the franchises that comprise Danaher.
“As we look ahead, we b…