WALTHAM, Mass. (AP) — WALTHAM, Mass. (AP) — Thermo Fisher Scientific Inc. (TMO) on Thursday reported fourth-quarter net income of $1.96 billion.
On a per-share basis, the Waltham, Massachusetts-based company said it had net income of $5.21. Earnings, adjusted for one-time gains and costs, came to $6.57 per share.
The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $6.43 per share.
The maker of scientific instrument and laboratory supplies posted revenue of $12.22 billion in the period, also surpassing Street forecasts. Ten analysts surveyed by Zacks expected $11.94 billion.
For the year, the company reported profit of $6.7 billion, or $17.74 per share. Revenue was reported as $44.56 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TMO at https://www.zacks.com/ap/TMO
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