Market Overview

UPDATE: Thermo Fisher Posts Upbeat Q3 Profit, Lifts 2012 Forecast

Related TMO
Markets Mostly Higher As Earnings Season Continues To Impress
US Stock Futures Rise Ahead Of Earnings

Thermo Fisher Scientific (NYSE: TMO) reported an upbeat third-quarter profit and lifted its full-year view.

Thermo Fisher now projects 2012 adjusted earnings of $4.81 to $4.88 per share on revenue of $12.32 billion to $12.40 billion. The company had earlier expected earnings of $4.74 to $4.84 per share on revenue of $12.14 billion to $12.26 billion.

Its quarterly net profit surged to $290.4 million, or $0.79 per share, from $265.4 million, or $0.69 per share, in the year-ago period. Excluding one-time items, the company earned $1.19 per share.

Thermo Fisher's revenue gained 5% to $3.09 billion. However, analysts were expecting a profit of $1.16 per share on revenue of $2.99 billion.

Thermo Fisher shares closed at $57.61 yesterday.

Posted-In: profitEarnings News Guidance

 

Most Popular

Related Articles (TMO)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters