WASHINGTON (dpa-AFX) - Thermo Fisher Scientific Inc. (TMO) reported Thursday that its fourth-quarter net income edged up to $602.6 million from last year's $601.2 million a year ago. Earnings per share were $1.50, compared to $1.49 last year.
On a continuing operations basis, income was $606.3 million or $1.51 per share, compared to $604 million or $1.49 per share last year.
Adjusted earnings per share were $2.12, compared to $1.99 a year ago. On average, 20 analysts polled by Thomson Reuters expected earnings of $2.11 per share. Analysts' estimates typically exclude special items.
Revenue for the quarter grew 4% to $4.65 billion in 2015, from $4.49 billion in 2014. Acquisitions increased revenues by 1%, while currency translation reduced revenue by 4%. Organic revenue growth was 7%. Analysts expected revenues of $4.55 billion.
Marc Casper, president and chief executive officer, said, 'Our strong finish in the fourth quarter contributed to a great year overall, and sets us up to deliver a successful 2016.'
The company will provide 2016 financial guidance on its earnings conference call this morning.
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