Shares of Thermo Fisher Scientific Inc. (TMO) are moving down about 4 percent despite reporting increased net income in the fourth quarter, which went up to $1.96 billion from $1.83 billion in the previous year.
Currently, TMO is trading at $583.03, down 4.11 percent, over the previous close of $608.02 on the New York Stock Exchange. It has traded between $385.46 and $643.99 in the last one year.
The company's adjusted net income increased to $2.48 billion from $2.34 billion in the previous year.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.