Thermo Fisher Scientific Reports Second Quarter 2018 Results
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July 25, 2018 1:57 PM EDT
Deutsche Bank raised its price target on Thermo Fisher Scientific (NYSE: TMO) to $260.00 (from $245.00) while maintaining a Buy rating following results.
Analyst Dan Leonard said TMO's upwardly revised organic sales growth guidance of 6% appears conservative. End markets were robust, led by China and biopharma.
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July 25, 2018 6:03 AM EDT
Thermo Fisher Scientific (NYSE: TMO) reported Q2 EPS of $2.75, $0.13 better than the analyst estimate of $2.62. Revenue for the quarter came in at $6.08 billion versus the consensus estimate of $5.89 billion.
Second Quarter 2018 Highlights
Grew revenue 22% to $6.08 billion.Increased GAAP diluted earnings per share (EPS) 19% to $1.85.Increased adjusted EPS 20% to $2.75.Launched suite of new mass spectrometry systems for life sciences and applied markets highlighted by the Thermo Scientific Q Exactive UHMR for protein research as well as new products for clinical research and diagnostics, including the Ion Torrent...
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