WALTHAM, Mass. (AP) – Thermo Fisher Scientific Inc. (TMO) reported fourth-quarter internet income of $ 2.5 billion on Monday.
The Waltham, Massachusetts-based firm stated it had a internet revenue of $ 6.24 per share. Earnings, adjusted for earnings and one-time prices, got here to $ 7.09 per share.
The outcomes exceeded Wall Road expectations. The typical estimate from 5 analysts surveyed by Zacks Funding Analysis was earnings of $ 6.86 per share.
The maker of scientific devices and laboratory provides posted income of $ 10.55 billion within the interval.
For the 12 months, the corporate reported earnings of $ 6.38 billion, or $ 15.96 per share. Income was reported as $ 32.22 billion.
Thermo Fisher shares have risen simply over 9% because the starting of the 12 months, whereas the Customary & Poor’s 500 Index is down 1%. Inventory has elevated 59% within the final 12 months.
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