Plus   Neg

Thermo Fisher Scientific Q4 adjusted earnings Beat Estimates

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

The company's bottom line came in at $2.50 billion, or $6.24 per share. This compares with $1.00 billion, or $2.49 per share, in last year's fourth quarter.

Excluding items, Thermo Fisher Scientific reported adjusted earnings of $2.84 billion or $7.09 per share for the period.

Analysts had expected the company to earn $6.56 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 54.5% to $10.55 billion from $6.83 billion last year.

Thermo Fisher Scientific earnings at a glance:

-Earnings (Q4): $2.84 Bln. vs. $1.43 Bln. last year.
-EPS (Q4): $7.09 vs. $3.55 last year.
-Analysts Estimate: $6.56
-Revenue (Q4): $10.55 Bln vs. $6.83 Bln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT