Why is Danaher stock trading higher today?

Danaher (NYSE:DHR) shares are trading higher after the company reported second-quarter financial metrics above estimates.

What Happened: Danaher reported second-quarter revenue of $5.743 billion, which beat the $5.586 billion consensus estimate and second-quarter adjusted EPS of $1.72, which beat the $1.57 estimate.

Our team executed well during the second quarter, delivering better-than-expected revenue, earnings and cash flow. We were particularly pleased with the sustained positive momentum in our bioprocessing business and with strong performance at Cepheid, which we believe gained market share in molecular testing again this quarter.

Rainer M. Blair, President and Chief Executive Officer

Q3 and FY24 Guidance: For the third quarter 2024, the company anticipates that non-GAAP core revenue will be down low-single digits year-over-year. For full year 2024, the company continues to expect that non-GAAP core revenue will be down low-single digits year-over-year.

Danaher was trading 8.18% higher to $271.43 at the time of writing. The stock has a 52-week high of $269.61 and a 52-week low of $182.09.