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.
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