Thermo Fisher: 4Q Earnings Snapshot
WALTHAM, Mass. (AP) _ Thermo Fisher Scientific Inc. (TMO) on Wednesday reported fourth-quarter earnings of $898 million.
On a per-share basis, the Waltham, Massachusetts-based company said it had net income of $2.22. Earnings, adjusted for one-time gains and costs, were $3.25 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $3.19 per share.
The maker of scientific instrument and laboratory supplies posted revenue of $6.51 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $6.24 billion.
For the year, the company reported profit of $2.94 billion, or $7.24 per share. Revenue was reported as $24.36 billion.
Thermo Fisher shares have climbed roughly 6 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed slightly more than 5 percent. The stock has climbed 8 percent in the last 12 months.