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WALTHAM, Mass. (AP) _ Thermo Fisher Scientific Inc. (TMO) on Wednesday reported first-quarter net income of $385.1 million.
On a per-share basis, the Waltham, Massachusetts-based company said it had profit of 96 cents. Earnings, adjusted for one-time gains and costs, came to $1.63 per share.
The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.61 per share.
The maker of scientific instrument and laboratory supplies posted revenue of $3.92 billion in the period, missing Street forecasts. Nine analysts surveyed by Zacks expected $4 billion.
Thermo Fisher expects full-year earnings in the range of $7.25 to $7.40 per share, with revenue in the range of $16.67 billion to $16.83 billion.
Thermo Fisher shares have climbed slightly more than 7 percent since the beginning of the year, while the Standard & Poor's 500 index has increased roughly 2 percent. The stock has increased 13 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TMO at http://www.zacks.com/ap/TMO
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Keywords: Thermo Fisher Scientific, Earnings Report
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Thermo Fisher is based in United states of america. Thermo Fisher is listed in United States of America. Its market capitalisation is US$ 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. |