WALTHAM, Mass. (AP) — WALTHAM, Mass. (AP) — Thermo Fisher Scientific Inc. (TMO) on Wednesday reported third-quarter earnings of $1.72 billion.
The Waltham, Massachusetts-based company said it had profit of $4.42 per share. Earnings, adjusted for one-time gains and costs, were $5.69 per share.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $5.58 per share.
The maker of scientific instrument and laboratory supplies posted revenue of $10.57 billion in the period, which met Street forecasts.
Thermo Fisher expects full-year earnings to be $21.50 per share, with revenue expected to be $42.7 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