| Thermo Fisher tops Street 4Q forecasts | |
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WALTHAM, Mass. (AP) _ Thermo Fisher Scientific Inc. (TMO) on Thursday reported fourth-quarter profit of $601.2 million.
On a per-share basis, the Waltham, Massachusetts-based company said it had net income of $1.49. Earnings, adjusted for one-time gains and costs, were $1.99 per share.
The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.94 per share.
The maker of scientific instrument and laboratory supplies posted revenue of $4.49 billion in the period, also beating Street forecasts. Analysts expected $4.38 billion, according to Zacks.
For the year, the company reported profit of $1.89 billion, or $4.71 per share. Revenue was reported as $16.89 billion.
Thermo Fisher shares have decreased roughly 1 percent since the beginning of the year, while the Standard & Poor's 500 index has dropped nearly 3 percent. The stock has risen 11 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TMO at http://www.zacks.com/ap/TMO
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Keywords: Thermo Fisher Scientific, Earnings Report
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Thermo Fisher is based in United states of america. Thermo Fisher is listed in United States of America. Its market capitalisation is US$ 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. |