A number of stocks are on the move following recent earnings reports and Danaher (DHR 91.38, +5.33, +6.2%) is among them.
The stock of the company, which describes itself as a global science and technology innovator committed to helping its customers solve complex challenges and improving quality of life around the world, is up 6% following its third quarter report.
The response is understandable considering Danaher topped analysts' average sales and earnings expectations and raised its fiscal 2017 guidance.
Danaher posted a 9.6% increase in revenues of $4.53 billion, and, aided by strong margin expansion, reported non-GAAP diluted net earnings per share of $1.00, which was 15% above the same period a year ago.
For the fourth quarter, Danaher anticipates non-GAAP adjusted diluted earnings per share will be in the range of $1.12 to $1.16, up 8.6% at the midpoint from the year-ago period.
Notably, Danaher raised its 2017 non-GAAP adjusted diluted earnings per share guidance to a range of $3.96 to $4.00. That would be up 10.3% at the midpoint from 2016 and compares to Danaher's prior guidance range of $3.90 to $3.97.
Including today's advance, DHR is up 17.4% year-to-date.