Yahoo Finance Thermo Fisher (TMO) Beats on Q3 Earnings & Sales Estimates
Involved in Scientific Research? Then you must have heard about MA-based Thermo Fisher Scientific Inc. TMO one of the leading scientific instrument manufacturers across the world. Interestingly for this acquisition-friendly company, the latest buy out of Life Technologies is expected to give birth to an unrivaled market leader serving research, Specialty Diagnostics and applied markets.
Currently, Thermo Fisher has a Zacks Rank #2 (Buy) but that could change following its promising third-quarter 2017 earnings report which has just released. (You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here). We have highlighted some of the key details from the just-released announcement below:
Earnings: The current Zacks Consensus Estimate is pegged at $2.24 per share. Thermo Fisher’s adjusted earnings per share of $2.31 is up 13.8% year-over-year in the reported quarter.
Revenues: Thermo Fisher posted third quarter revenues of $5.11 billion, which has also surpassed the Zacks Consensus Estimate for revenues of $5.03 billion.
Thermo Fisher Scientific Inc Price and EPS Surprise
Thermo Fisher Scientific Inc Price and EPS Surprise | Thermo Fisher Scientific Inc Quote
Key Stats: Among its four business segments in the reported quarter, Thermo Fisher delivered revenues of $1.38 billion (up 5%) in Life Sciences Solutions, $1.19 billion (up 32%) in Analytical Instruments, $844 million (up 6%) in Specialty Diagnostics and $1.93 billion (up 15%) in Laboratory Products and Services respectively.
Major Factors: Management seemed upbeat about its impressive third quarter results. Expansion in analytical instrument platforms for both life sciences and applied markets and contribution in gene therapy are key highlights of the quarter. The company has also raised its 2017 revenue and earnings guidance on the back of the acquisition of Patheon, strong operational performance and a more favorable foreign exchange environment.
Check back later for our full write up on this Thermo Fisher earnings report later!
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