Thermo Fisher Scientific (TMO) shares slide following YoY revenue decline in Q1

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Thermo Fisher Scientific Reports First Quarter 2023 Results

April 26, 2023 6:00 AM EDT

WALTHAM, Mass.--(BUSINESS WIRE)-- Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, today reported its financial results for the first quarter ended April 1, 2023.

First Quarter 2023 Highlights

Delivered very strong financial results during the first quarter. First quarter revenue was $10.71 billion, 9% lower versus the same quarter last year. Core organic revenue growth was 6%. First quarter GAAP diluted earnings per share (EPS) was $3.32. First quarter adjusted EPS was $5.03. Launched a range of high-impact, innovative new... More