WASHINGTON (dpa-AFX) - Thermo Fisher Scientific Inc. (TMO) Wednesday said second-quarter net income declined to $511.6 million or $1.27 per share from $278.5 million or $0.69 per share in the comparable quarter last year.
Adjusted earnings per share for the latest second quarter were $1.84, up 7% from $1.72 last year. On average, 18 analysts polled by Thomson Reuters expected earnings of $1.78 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue declined to $4.27 billion from $4.32 billion in the prior year, while 16 analysts expected revenues of $4.17 billion for the quarter.
For full-year 2015, Thermo Fisher now expects adjusted earnings in the range of $7.28 to $7.41 per share and revenue in the range of $16.72 billion to $16.86 billion. Analysts now expect annual earnings of $7.35 per share on revenue of $16.75 billion.
Earlier, Thermo Fisher expected adjusted earnings per share in the range of $7.25 to $7.40 and revenue of $16.67 billion to $16.83 billion.
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