Danaher Corporation (NYSE: DHR) saw its stock price plummet 5.38% in pre-market trading on Wednesday, following the release of the company's fourth-quarter 2024 earnings results.
The diversified conglomerate reported adjusted earnings per share of $2.14, narrowly missing analysts' consensus estimate of $2.16. While revenue of $6.54 billion beat expectations of $6.42 billion, the slight earnings miss appears to have sparked concerns among investors, leading to the pre-market sell-off.
While Danaher's CEO cited a strong finish to the year, the market's reaction suggests that the earnings shortfall, albeit minor, raised concerns about the company's ability to consistently meet or exceed expectations in the face of ongoing economic challenges.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.