Thermo Fisher Scientific Reports Mixed Results (TMO)

Thermo Fisher Scientific Inc. TMO on Wednesday morning released financial results that beat Wall Street earnings expectations, while missing revenue estimates. Thermo Fisher Scientific Inc reported that its 4th quarter net income rose to $297.5 million, or 75 cents per share, up from $273.3 million, or 65 cents per share, a year earlier. Excluding special items, the company earned $1.00 per share. Thermo Fisher Scientific Inc reported revenue of $2.78 billion, down 2% from $2.84 billion a year earlier. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 95 cents per share, on revenue of $2.8 billion. Thermo Fisher Scientific Inc. (TMO) ended the previous trading session at $57.41 per share. Analysts covering the company's stock have a consensus price target of $65.07 per share. Read more from Benzinga's Company news.