Plus   Neg

Thermo Fisher Scientific Q3 adjusted earnings Beat Estimates

Thermo Fisher Scientific (TMO) released earnings for its third quarter that advanced from last year.

The company's earnings came in at $760 million, or $1.88 per share. This compares with $709 million, or $1.75 per share, in last year's third quarter.

Excluding items, Thermo Fisher Scientific reported adjusted earnings of $1.19 billion or $2.94 per share for the period.

Analysts had expected the company to earn $2.87 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.9% to $6.27 billion from $5.92 billion last year.

Thermo Fisher Scientific earnings at a glance:

-Earnings (Q3): $1.19 Bln. vs. $1.07 Bln. last year.
-EPS (Q3): $2.94 vs. $2.62 last year.
-Analysts Estimate: $2.87
-Revenue (Q3): $6.27 Bln vs. $5.92 Bln last year.

Full year revenue guidance: $12.28 - $12.34 Bln

For comments and feedback contact: editorial@rttnews.com

Follow RTT