Thermo Fisher Scientific Inc reports results for the quarter ended in March - Earnings Summary

• Thermo Fisher Scientific Inc TMO reported quarterly adjusted earnings of $5.11​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of $5.03. The mean expectation of twenty one analysts for the quarter was for earnings of $4.71 per share. Wall Street expected results to range from $4.61 to $4.75 per share.

• Revenue fell 3.4% to $10.35 billion from a year ago; analysts expected $10.17 billion.

• Thermo Fisher Scientific Inc's reported EPS for the quarter was $3.46​.

• The company reported quarterly net income of $1.33 billion.

• Thermo Fisher Scientific Inc shares had fallen by 1.1% this quarter and gained 8.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.6% in the last three months.​

• In the last 30 days, six analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell."

• Wall Street's median 12-month price target for Thermo Fisher Scientific Inc is $610.00

This summary was machine generated from LSEG data April 24 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)