Thermo Fisher: Q1 Earnings Snapshot

WALTHAM, Mass. (AP) — WALTHAM, Mass. (AP) — Thermo Fisher Scientific Inc. (TMO) on Wednesday reported first-quarter net income of $1.29 billion.

On a per-share basis, the Waltham, Massachusetts-based company said it had net income of $3.32. Earnings, adjusted for one-time gains and costs, were $5.03 per share.

The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $4.95 per share.

The maker of scientific instrument and laboratory supplies posted revenue of $10.71 billion in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $10.57 billion.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on TMO at

Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up