Thermo Fisher Scientific Lifts FY21 Outlook Above Market Estimates - Quick Facts

Thermo Fisher Scientific (TMO), while reporting weak third-quarter profit and higher revenues, on Wednesday raised its 2021 revenue and earnings guidance, above market estimates.

The company raised its adjusted earnings per share guidance by $1.30 to $23.37, which would represent 20 percent growth year over year. The company previously expected adjusted earnings per share of $22.07, a 13 percent growth.

Thermo Fisher also lifted revenue guidance by $1.2 billion to $37.1 billion, representing a 15 percent revenue growth over 2020. The previous revenue guidance was $35.90 billion, a growth of 11 percent.

On average, analysts polled by Thomson Reuters expect earnings of $22.19 per share on revenues of $36.09 billion. Analysts' estimates typically exclude special items.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Variety store chain Family Dollar is recalling around 38,300 units of beach loungers citing injury risk, the U.S. Consumer Product Safety Commission said. The recall involves beach lounge chairs with a white metal frame and either red or blue woven plastic fabric. The lounge chairs have a hang tag intended to be removed after purchase. Aerospace giant Boeing Co. (BA) on Wednesday reported fourth-quarter net loss attributable to Boeing shareholders of $4.16 billion or $7.02 per share, sharply narrower than $8.44 billion or $14.65 per share in the year-ago quarter. The 787 program recorded $3.5 billion pre-tax non-cash charge; focused... Telecom giant AT&T reported Wednesday a profit for the fourth quarter compared to a loss last year, primarily boosted by continuing customer growth in wireless, fiber and HBO Max, despite a 10 percent drop in revenues. Both adjusted earnings for the quarter and quarterly revenues also topped analysts' expectations. However, the company issued weak earnings and sales growth outlook for fiscal 2022.
Follow RTT