Thermo Fisher Scientific Reports Second Quarter 2020 Results
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Thermo Fisher Scientific (TMO) Tops Q2 EPS by $1.05, Revenues Beat
July 22, 2020 6:02 AM EDTThermo Fisher Scientific (NYSE: TMO) reported Q2 EPS of $3.89, $1.05 better than the analyst estimate of $2.84. Revenue for the quarter came in at $6.92 billion versus the consensus estimate of $6.13 billion.
Second Quarter 2020
Revenue for the quarter grew 10% to $6.92 billion in 2020, versus $6.32 billion in 2019. Organic revenue growth was 11% and currency translation decreased revenue by 1%.GAAP diluted EPS in the second quarter of 2020 increased 5% to $2.90, versus $2.77 in the same quarter last year.GAAP operating income... More