Thermo Fisher Scientific (TMO) Tops Q3 EPS by 6c; Lowers Outlook

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Thermo Fisher Scientific Reports Third Quarter 2023 Results

October 25, 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 third quarter ended September 30, 2023.

Third Quarter 2023 Highlights

Third quarter revenue was $10.57 billion, 1% lower versus the same quarter last year. Core organic revenue growth was 1%. Third quarter GAAP diluted earnings per share (EPS) was $4.42, 17% higher versus the same quarter last year, driven by 160 basis points of operating margin expansion. Third quarter adjusted EPS was $5.69, 12% higher versus the same quarter last year, driven by... More