| Thermo Fisher trims 2015 revenue outlook, citing strong dollar | |
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By Deena Beasley April 22 (Reuters) - Thermo Fisher Scientific Inc, the world's largest maker of scientific instruments, on Wednesday lowered its full-year 2015 revenue outlook, citing adverse foreign exchange rates, but raised the lower end of its earnings forecast. The company also reported a lower first-quarter net profit due to 2014 divestiture gains as well as foreign currency rates. Thermo Fisher said that because of the U.S. dollar's continued strength, it expects full-year 2015 revenue of $16.67 billion to $16.83 billion, down from its previous estimate of $16.8 billion to $17 billion. Citing stronger operating performance and an acquisition, Thermo Fisher also raised the low end of its outlook for adjusted 2015 earnings by 3 cents to between $7.25 and $7.40 per share. Excluding one-time items, the company said it earned $1.63 per share in the first quarter. It reported a net profit of $385 million, or 96 cents a share, compared with $543 million, or $1.36 per share, in the year-earlier quarter, which included $582 million in restructuring gains. Revenue for the latest quarter grew slightly to $3.92 billion from $3.9 billion in the corresponding 2014 quarter. (Reporting by Deena Beasley, editing by G Crosse)
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Thermo Fisher is based in United states of america. Thermo Fisher is listed in United States of America. Its market capitalisation is US$ 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. |