Thermo Fisher Scientific (TMO) Tops Q4 EPS by 3c, Beats on Revenue; Offers Guidance

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Go back to Thermo Fisher Scientific (TMO) Tops Q4 EPS by 3c, Beats on Revenue; Offers Guidance

Thermo Fisher Scientific Reports Fourth Quarter and Full Year 2023 Results

January 31, 2024 6:00 AM EST

WALTHAM, Mass.--(BUSINESS WIRE)-- Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, today reported its financial results for the fourth quarter and full year ended December 31, 2023.

Fourth Quarter and Full Year 2023 Highlights

Fourth quarter revenue was $10.89 billion, 5% lower versus the same quarter last year. Core organic revenue growth declined 4%. Fourth quarter GAAP diluted EPS was $4.20, 5% higher versus the same quarter last year, driven by 70 basis points of operating margin expansion. Fourth quarter adjusted EPS was $5.67, 5% higher versus the same... More