Thermo Fisher Scientific (TMO) Completes One Lambda Acquisition; Reaffirms Expected Impact
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Price: $86.27 +0.90%
EPS Growth %: +17.1%
Financial Fact:
Income from Continuing Operations: 340.8M
Today's EPS Names:
LBIX, ESEA, ISS, More
EPS Growth %: +17.1%
Financial Fact:
Income from Continuing Operations: 340.8M
Today's EPS Names:
LBIX, ESEA, ISS, More
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Thermo Fisher Scientific Inc. (NYSE: TMO) has completed its previously announced acquisition of One Lambda, Inc., the leader in transplant diagnostics. Based in Canoga Park, Calif., One Lambda has approximately 320 employees and had 2011 revenue of $182 million. The business will become part of Thermo Fisher’s Specialty Diagnostics Segment.
Thermo Fisher reiterated its expectation that the One Lambda transaction will be accretive to 2012 adjusted earnings per share (EPS) and that it will add $0.09 to $0.11 to the company’s 2013 adjusted EPS results. Based upon the timing of the close, the transaction will have an immaterial impact on Thermo Fisher’s third quarter adjusted EPS. The company will provide updated guidance for 2012 when it reports its third quarter 2012 financial results.
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Thermo Fisher reiterated its expectation that the One Lambda transaction will be accretive to 2012 adjusted earnings per share (EPS) and that it will add $0.09 to $0.11 to the company’s 2013 adjusted EPS results. Based upon the timing of the close, the transaction will have an immaterial impact on Thermo Fisher’s third quarter adjusted EPS. The company will provide updated guidance for 2012 when it reports its third quarter 2012 financial results.
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