Danaher Increases 2019 Outlook Slightly, but No Changes Expected to Its Moat or FVE
Narrow-moat Danaher reported second-quarter operating results on July 18 that beat consensus expectations and caused management to increase its guidance slightly for the full year. However, that updated view remains roughly in line with our expectations for the full year, so we do not anticipate changing our $120 per share fair value estimate, which remains moderately below recent share prices.In the second quarter, Danaher turned in $5.2 billion in sales, or 3.5% reported growth and 5.5% core ...
Danaher designs, manufactures and markets medical, industrial and commercial products and services. The company's segments include: Life Sciences, which provides research tools to study genes, proteins, metabolites and cells, in order to understand the causes of disease, identify therapies and test drugs and vaccines; Diagnostics, which provides analytical instruments, reagents, consumables, software and services that hospitals, physicians' offices, reference laboratories and other critical care settings use to diagnose disease and make treatment decisions; and Environmental and Applied Solutions, which provides products and services to protect resources and global food and water supplies.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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