WALTHAM, Mass. (AP) — WALTHAM, Mass. (AP) — Thermo Fisher Scientific Inc. (TMO) on Thursday reported first-quarter net income of $1.65 billion.
On a per-share basis, the Waltham, Massachusetts-based company said it had net income of $4.43. Earnings, adjusted for one-time gains and costs, came to $5.44 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $5.20 per share.
The maker of scientific instrument and laboratory supplies posted revenue of $11.01 billion in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $10.83 billion.
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