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Danaher beats profit estimates on respiratory testing demand
Healthcare conglomerate Danaher reported better-than-expected profits for the third quarter, thanks to strong demand for its diagnostic tests for respiratory diseases. The company's diagnostics unit, which includes COVID-19 testing kits, reported sales of $2.25 billion, beating estimates. However, its life sciences unit, which provides lab equipment and reagents, posted weaker sales of $1.71 billion. Danaher now expects a slight decline in adjusted core sales for the year.
Healthcare conglomerate Danaher reported better-than-expected profits for the third quarter, thanks to strong demand for its diagnostic tests for respiratory diseases. The company's diagnostics unit, which includes COVID-19 testing kits, reported sales of $2.25 billion, beating estimates. However, its life sciences unit, which provides lab equipment and reagents, posted weaker sales of $1.71 billion. Danaher now expects a slight decline in adjusted core sales for the year. 
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