| Thermo Fisher profit edges past Street estimates | |
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By Bill Berkrot Oct 21 (Reuters) - Thermo Fisher Scientific Inc on Wednesday reported a third-quarter profit that narrowly beat Wall Street expectations and raised the low end of its full-year earnings forecast to reflect the contribution of an acquisition. The world's largest maker of scientific instruments posted net income of $476.1 million, or $1.18 per share, compared with $471.6 million, or $1.17 per share, a year earlier. Excluding one-time items, Thermo had adjusted earnings of $1.80 per share for the quarter ended Sept. 26. Analysts on average expected $1.79 per share, according to Thomson Reuters I/B/E/S. The company bumped up the low end of its 2015 forecast range by 5 cents, helped by the acquisition of chemicals maker Alfa Aesar, and now expects to earn $7.33 to $7.41 per share. Analysts on average are looking for $7.38. Thermo expects revenue of $16.81 billion to $16.91 billion, up from its prior view of $16.72 to $16.86. "With a strong nine months behind us, we're on track to achieve our growth goals for the year," Thermo Chief Executive Marc Casper said in a statement. Third-quarter revenue of $4.12 billion was down a bit from the year-ago quarter, but slightly higher than Wall Street estimates of $4.10 billion. (Reporting by Bill Berkrot in New York; Editing by Anil D'Silva)
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Thermo Fisher is based in United states of america. Thermo Fisher is listed in United States of America. Its market capitalisation is US$ 224.4 billions as of today (€ 209.7 billions). Its stock quote reached its lowest recent point on November 15, 2013 at US$ 100.01, and its highest recent level on April 26, 2024 at US$ 573.60. Thermo Fisher has 391 220 000 shares outstanding. |