WASHINGTON (dpa-AFX) - Laboratory equipment maker Thermo Fisher Scientific Inc. (TMO) posted a surge in its fourth-quarter 2014 net income to $601.2 million, or $1.49 per share, from last year's $342.1 million, or $0.92 per share.
On an adjusted basis, earnings per share grew by 39% to $1.99 during the recent quarter. On average, 18 analysts polled by Thomson Reuters expected the company to report earnings of $1.94 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue for the quarter went up by 30% to $4.49 billion in 2014, from $3.47 billion a year ago. Organic revenue growth was 6%; acquisitions, net of divestitures, increased revenues by 26% and currency translation reduced revenue by 3%. Wall Street expected revenues of $4.38 billion for the quarter.
The company would issue its 2015 guidance on its earnings conference call this morning at 8:30 a.m. EST.
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