WALTHAM, Mass. (AP) — WALTHAM, Mass. (AP) — Thermo Fisher Scientific Inc. (TMO) on Wednesday reported third-quarter net income of $1.63 billion.
On a per-share basis, the Waltham, Massachusetts-based company said it had profit of $4.25. Earnings, adjusted for one-time gains and costs, were $5.28 per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $5.25 per share.
The maker of scientific instrument and laboratory supplies posted revenue of $10.6 billion in the period, which did not meet Street forecasts. Eight analysts surveyed by Zacks expected $10.64 billion.
Thermo Fisher expects full-year earnings in the range of $21.35 to $22.07 per share, with revenue in the range of $42.4 billion to $43.3 billion.
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