Investor React Positively To Thermo Fisher's Annual Guidance

Thermo Fisher Scientific Inc TMO provided initial revenue and earnings guidance for 2022 while reiterating previously disclosed financial guidance for full-year 2021.
Related: Thermo Fisher's Q2 Earnings Beat Expectations; Raises FY21 Outlook.
The Company said it anticipates total revenues of $40.3 billion for next year, a 12% increase over its $35.9 billion in revenues expected for 2021.
Adjusted earnings per share are expected to be $21.16. Wall Street analysts, on average, were projecting $34.3 billion in 2022 revenues and EPS of $19.68.
Price Action: TMO shares are up 8.06% at $605.61 during the market session on the last check Friday.