31.01.2024 12:08:48 - dpa-AFX: Thermo Fisher Scientific Q4 Profit Increases, beats estimates
WASHINGTON (dpa-AFX) - Thermo Fisher Scientific (TMO) released a profit for
its fourth quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $1.63 billion, or $4.20 per share. This
compares with $1.58 billion, or $4.01 per share, in last year's fourth quarter.
Excluding items, Thermo Fisher Scientific reported adjusted earnings of $2.20
billion or $5.67 per share for the period.
Analysts on average had expected the company to earn $5.64 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 4.9% to $10.89 billion from $11.45
billion last year.
Thermo Fisher Scientific earnings at a glance (GAAP) :
-Earnings (Q4): $1.63 Bln. vs. $1.58 Bln. last year.
-EPS (Q4): $4.20 vs. $4.01 last year.
-Analyst Estimate: $5.64
-Revenue (Q4): $10.89 Bln vs. $11.45 Bln last year.
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