Thermo Fisher Scientific Reports Third Quarter 2020 Results
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Thermo Fisher Scientific (TMO) Tops Q3 EPS by $1.32, Revenues Beat
October 21, 2020 6:02 AM EDTThermo Fisher Scientific (NYSE: TMO) reported Q3 EPS of $5.63, $1.32 better than the analyst estimate of $4.31. Revenue for the quarter came in at $8.52 billion versus the consensus estimate of $7.65 billion.
Third Quarter 2020 Highlights
Third quarter revenue increased 36% to $8.52 billion.Third quarter GAAP diluted earnings per share (EPS) increased 157% to $4.84.Third quarter adjusted EPS increased 91% to $5.63.Generated $2.0 billion of COVID-19 related revenue in the quarter and returned the base business to growth.Further expanded our global pandemic response, including launching the Amplitude Solution to automate high-throughput PCR-based testing, adding... More