Danaher, Halliburton Beat Q1 Forecasts; Danaher Eyes Revenue Dip, Halliburton Cites Global Strength

Danaher Corporation and Halliburton have both reported their first-quarter earnings for 2024, surpassing analysts' expectations. Danaher posted an adjusted EPS of $1.92, beating the estimate of $1.71, with revenues reaching $5.80 billion against the expected $5.63 billion. However, their operational profit was $1.31 billion, below the forecast of $1.56 billion. The company's CEO highlighted a strong start to the year, attributing the performance to better-than-expected revenue, earnings, and cash flow, but anticipates a mid-single-digit decline in non-GAAP core revenue for Q2. Danaher continues to expect FY core revenue to decline by low single digits year-over-year. Halliburton, on the other hand, achieved an adjusted EPS of $0.76, slightly above the estimate of $0.74, with revenues also exceeding expectations at $5.8 billion. The company expressed confidence in the ongoing strength and duration of the upcycle in the industry, driven by increased international drilling demand, marking its best first-quarter profit in twelve years despite a downturn in the shale sector.