WALTHAM, Mass. (AP) — WALTHAM, Mass. (AP) — Thermo Fisher Scientific Inc. (TMO) on Wednesday reported first-quarter earnings of $1.51 billion.
The Waltham, Massachusetts-based company said it had profit of $3.98 per share. Earnings, adjusted for one-time gains and costs, came to $5.15 per share.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $5.10 per share.
The maker of scientific instrument and laboratory supplies posted revenue of $10.36 billion in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $10.25 billion.
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