
WASHINGTON (dpa-AFX) - Thermo Fisher Scientific (TMO) reported earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $1.507 billion, or $3.98 per share. This compares with $1.328 billion, or $3.46 per share, last year.
Excluding items, Thermo Fisher Scientific reported adjusted earnings of $1.950 billion or $5.15 per share for the period.
Analysts on average had expected the company to earn $5.10 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 0.2% to $10.364 billion from $10.345 billion last year.
Thermo Fisher Scientific earnings at a glance (GAAP) :
-Earnings: $1.507 Bln. vs. $1.328 Bln. last year. -EPS: $3.98 vs. $3.46 last year. -Revenue: $10.364 Bln vs. $10.345 Bln last year.
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