Thermo Fisher Scientific (TMO) Tops Q1 EPS by 40c, raises guidance
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Go back to Thermo Fisher Scientific (TMO) Tops Q1 EPS by 40c, raises guidance
April 25, 2024 6:16 AM EDT
Deutsche Bank analyst Justin Bowers raised the price target on Thermo Fisher Scientific (NYSE: TMO) to $610.00 (from $600.00) while maintaining a Buy rating.
The analyst comments "Messaging around bioprocessing was concise but positive, as order growth and book-to-bill continue to trend higher. We are... More
April 24, 2024 6:13 AM EDT
Thermo Fisher Scientific (NYSE: TMO) shares rose 3.55% after the company reported first-quarter earnings and revenue that exceeded Wall Street's expectations. The company's adjusted earnings per share (EPS) came in at $5.11, surpassing the analyst estimate of $4.71. Revenue for the quarter also beat consensus estimates, reaching $10.34 billion against expectations of $10.16 billion.
The science-serving leader saw a slight decline in revenue compared to the... More
