UPDATE: Thermo Fisher Q4 Profit Rises 30%
Thermo Fisher Scientific (NYSE: TMO) reported a 30% rise in its fourth-quarter earnings.
Thermo Fisher expects full-year adjusted earnings of $5.32 to $5.46 per share and revenue of $12.8 billion to $13 billion. However, analysts projected earnings of $5.43 per share and revenue of $12.95 billion.
Thermo Fisher's quarterly profit surged to $376.4 million, or $1.04 per share, from $288.9 million, or $0.77 per share, in the year-ago period. Excluding items, it earned $1.36 per share.
Its revenue climbed 5.5% to $3.26 billion. However, analysts expected earnings of $1.28 per share on revenue of $3.15 billion.
Its operating margin rose to 12.3% from 11.2%.
Thermo Fisher shares closed at $70.39 yesterday.
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