Thermo Fisher: Q1 Earnings Snapshot
WALTHAM, Mass. (AP) — WALTHAM, Mass. (AP) — Thermo Fisher Scientific Inc. (TMO) on Wednesday reported first-quarter net income of $1.33 billion.
On a per-share basis, the Waltham, Massachusetts-based company said it had profit of $3.46. Earnings, adjusted for one-time gains and costs, came to $5.11 per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $4.70 per share.
The maker of scientific instrument and laboratory supplies posted revenue of $10.35 billion in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $10.14 billion.
Thermo Fisher expects full-year earnings in the range of $21.14 to $22.02 per share, with revenue in the range of $42.3 billion to $43.3 billion.
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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 https://www.zacks.com/ap/TMO
