24.04.2024 12:08:07 - dpa-AFX: Thermo Fisher Scientific Q1 Profit Increases, beats estimates
WASHINGTON (dpa-AFX) - Thermo Fisher Scientific (TMO) revealed earnings for
its first quarter that increased from the same period last year and beat the
Street estimates.
The company's earnings totaled $1.33 billion, or $3.46 per share. This compares
with $1.29 billion, or $3.32 per share, in last year's first quarter.
Excluding items, Thermo Fisher Scientific reported adjusted earnings of $1.96
billion or $5.11 per share for the period.
Analysts on average had expected the company to earn $4.71 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 3.4% to $10.35 billion from $10.71
billion last year.
Thermo Fisher Scientific earnings at a glance (GAAP) :
-Earnings (Q1): $1.33 Bln. vs. $1.29 Bln. last year.
-EPS (Q1): $3.46 vs. $3.32 last year.
-Revenue (Q1): $10.35 Bln vs. $10.71 Bln last year.
-Guidance:
Full year EPS guidance: $21.14 to $22.02
Full year revenue guidance: $42.3 to $43.3 Bln
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