Danaher Corp. (DHR) reported profit fell 13% in the fourth quarter as operating costs rose.
The Washington-based science and medical technology company earned $746.8 million, or $1.05 a share, compared with $856.6 million, or $1.21 a share, a year ago. Analysts polled by Refinitiv expected earnings of $1.10 a share.
Danaher posted adjusted earnings of $1.28 a share, missing analysts' estimates by one cent.
Sales increased 5.5% to $5.36 billion. A consensus of analysts estimated $5.31 billion in sales.
For the full year 2019, it projected earnings of $3.85 to $3.95 a share and adjusted profit of $4.75 to $4.85.
For the first quarter, the company targets earnings of 78 cents to 81 cents a share and adjusted earnings of $1 to $1.03 a share.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
January 29, 2019 06:20 ET (11:20 GMT)
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