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Thermo Fisher forecast annual revenue in a range of $42.1 billion to $43.3 billion, shy of analysts' expectations of $42.93 billion at midpoint, according to LSEG data.
Thermo Fisher now expects annual profit in a range of $21.29 to $22.07 per share, compared with previous forecast of $21.14 to $22.02 per share.
The Waltham, Massachusetts-based firm said it now expects annual adjusted profit of $21.14 to $22.02 per share, compared with its previous forecast of $20.95 to $22 per share.
The stock of Thermo Fisher Scientific (NYSE:TMO, 30-year Financials) is estimated to be fairly valued, according to GuruFocus Value calculation.
(Reuters) -Thermo Fisher Scientific Inc on Wednesday reported better-than-expected quarterly profit and raised its full-year forecast for revenue as well as earnings, fuelled by strong COVID-19 ...
Image source: The Motley Fool. Thermo Fisher Scientific (NYSE: TMO) Q3 2024 Earnings Call Oct 23, 2024, 8:30 a.m. ET. Contents: Prepared Remarks. Questions and Answers. Call Participants
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In the latest trading session, Thermo Fisher Scientific (TMO) closed at $588.16, marking a -0.88% move from the previous day.