Why Danaher Stock Bounced Higher Today
Better-than-expected quarterly profitability was the engine driving Danaher (DHR +4.29%) stock higher on Tuesday. Cheered by the company's estimates-beating results, investors piled into the healthcare conglomerate's equity, and the stock closed the day more than 4% higher. Key data points Danaher's top-line figure was basically in line with the consensus analyst estimate. Those prognosticators expected $1.92 per share in adjusted net profit. In its earnings release, the company attributed its gains to "con ...