Thermo Fisher: 2Q Earnings Snapshot
Posted Jul 22, 2020 06:08:24 AM.
Last Updated Jul 22, 2020 06:16:16 AM.
This article is more than 5 years old.
WALTHAM, Mass. (AP) _ Thermo Fisher Scientific Inc. (TMO) on Wednesday reported second-quarter net income of $1.16 billion.
On a per-share basis, the Waltham, Massachusetts-based company said it had profit of $2.90. Earnings, adjusted for one-time gains and costs, were $3.89 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.67 per share.
The maker of scientific instrument and laboratory supplies posted revenue of $6.92 billion in the period.
Thermo Fisher shares have increased 24% since the beginning of the year, while the Standard & Poor’s 500 index has risen roughly 1%. The stock has risen 38% in the last 12 months.
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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
The Associated Press
