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Thermo Fisher Scientific (TMO) Rose To A New High After Q4 Profit Beat

Thermo Fisher Scientific (TMO) reported fourth quarter EPS of $2.79 Wednesday morning, up from $2.41 in the previous year. Street expectations were for EPS of $2.66.

Thermo Fisher Scientific gapped open sharply higher Wednesday, but traded in a range for the majority of the session. Shares finished up by 9.49 at $224.11 on above average volume. The stock has been on an upward trend for a month and set a new high for the year.

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