* Q1 shr from cont ops $0.61 vs. $0.57 expected
* Q1 sales $3.35 bln vs. $3.32 bln expected
* Sees adjusted 2011 EPS $2.65 to $2.75
(Rewrites, adds outlook)
NEW YORK, April 21 Industrial conglomerate
Danaher Corp (DHR.N) reported a higher-than-expected quarterly
profit on Thursday and raised its full-year profit forecast,
citing growth in Brazil and China.
Danaher posted net earnings of $429.4 million, or 63 cents
per share, compared with $300.2 million, or 45 cents per share
a year earlier. Profit from continuing operations came to 61
cents a share.
Analysts on average expected earnings of 57 cents per
share, according to Thomson Reuters I/B/E/S.
Revenue was up 11 percent to $3.35 billion, slightly above
Wall Street forecasts.
The company said its sales in emerging markets grew 20
percent in the quarter and expected places like China and
Brazil to continue to lead the global economy.
It raised its estimate of adjusted 2011 profits to a range
of $2.65 to $2.75 from its earlier range of $2.55 to $2.70 per
share. Wall Street was looking for profit of $2.69 a share.
Danaher's industrial technology segment, which makes
product identification equipment and other devices, increased
sales 16 percent. Its test and measurement business, which
serves military and high-tech markets, reported a 28 percent
sales rise, with acquisitions adding 12 points of that growth.
Both segment increased profit margins by about 2 percentage
Danaher gets about half of its sales from North America,
about 29 percent from Europe and the rest from Asia and the
rest of the world, according to KeyBanc Capital Markets.
The Washington-based company has been both an active buyer
and seller of businesses as it focuses its portfolio on
higher-margin, faster-growing areas including life sciences and
dental and medical technology.
Danaher last month won U.S. antitrust permission for its
$5.8 billion acquisition of medical diagnostics company Beckman
Coulter Inc BEC.N, its biggest-ever deal. Medical technology
will account for almost half total company revenues once that
(Reporting by Nick Zieminski; Editing by Lisa Von Ahn, Dave