WASHINGTON (dpa-AFX) - Medical and industrial products maker Danaher Corp.'s (DHR) first-quarter 2012 net earnings grew to $612.91 million, or $0.86 per share from $429.36 million, or $0.63 per share a year earlier. Net earnings from continuing operations were $520.1 million, or $0.73 per share, versus last year's $416.77 million, or $0.61 per share. On average, 20 analysts polled by Thomson Reuters expected earnings per share of $0.71 for the quarter. Analysts' estimates typically exclude one-time items.
Quarterly sales amounted to $4.32 billion compared with $3.29 billion in the prior-year quarter. Analysts estimated revenues of $4.33 billion for the quarter.
Looking ahead to the second quarter, the company sees earnings per share in the range of $0.76 - $0.81, whereas 19 analysts estimate earnings per share of $0.82 for the quarter.
For 2012, Danaher narrowed its earnings per share guidance to $3.25 - $3.35 from a previous view of $3.20 - $3.35, while 23 analysts project earnings per share of $3.31 for the year.
The company said the second-quarter and full-year 2012 earnings guidance includes $0.01 and $0.03 of anticipated dilution, respectively, related to the pending acquisition of X-Rite, Incorporated.
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