WASHINGTON (dpa-AFX) - Thermo Fisher Scientific Inc. (TMO) raised its revenue and adjusted earnings per share guidance for 2016 to reflect the addition of FEI, strong operational performance in the first nine months and a more favorable foreign exchange environment.
The company now expects annual revenue to be in the range of $18.25 billion to $18.39 billion versus its previous guidance of $17.84 to $18.00 billion, which would result in revenue growth of 8% over 2015.
The company also raised its annual adjusted earnings per share guidance to a new range of $8.19 to $8.30 versus the $8.07 to $8.20 previously announced, which now results in 11% to 12% growth year over year.
Analysts polled by Thomson Reuters expect the company to report earnings of $8.21 per share and revenues of $18.12 billion for fiscal year 2016. Analysts' estimates typically exclude special items.
Copyright RTT News/dpa-AFX