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Thermo Fisher 4Q Net Falls 2.9% On Charges; Revenue Beats Street Views

DOW JONES NEWSWIRES Thermo Fisher Scientific Inc.'s (TMO) fourth-quarter earnings fell 2.9% as several charges masked the analytical technologies and laboratory products supplier's better-than-expected revenue. The company also forecast full-year earnings of $4.67 to $4.82 a share on revenue between $12.15 billion to $12.35 billion, while analysts surveyed by Thomson Reuters expect $4.72 on $12.56 billion. Thermo Fisher's sales and profit have improved in recent quarters, aided by acquisitions and its expansion into Asia-Pacific markets. But it began to see more challenging conditions in the academic and government markets late in the third quarter. Thermo Fisher reported a profit of $288.9 million, down from $297.5 million a year earlier. On a per share basis, earnings rose to 77 cents from 75 cents on fewer shares outstanding in the most recent period. Excluding items such as amortization, restructuring and aquisition-related costs, earnings rose to $1.18 from 96 cents. Revenue jumped 15% to $3.13 billion. Analysts polled by Thomson Reuters had most recently forecast earnings of $1.15 on revenue of $3.08 billion. Operating margin fell to 10.9% from 11.8%. The laboratory products and services segment--the company's largest top-line contributor--saw a 5% revenue increase while its operating profit fell 4%. The analytical technologies segment's revenue jumped 23% and earnings grew 38%. Specialty diagnostics segment revenue increased 32%, while its income was up 42%. Shares closed Tuesday at $52.90 and were inactive premarket. The stock has risen 18% so far this year. -By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@dowjones.com

Stock News for Thermo Electron (TMO)
DateTimeHeadline
02/14/201718:15:00Thermo Fisher Scientific Completes Acquisition of Finesse Solutions...
02/14/201712:11:08Amended Statement of Ownership (sc 13g/a)
02/13/201709:15:00Thermo Fisher Scientific Receives Early Termination of Hart-Scott-Rodino...
02/10/201717:31:31Annual Statement of Changes in Beneficial Ownership (5)
02/10/201714:23:47Amended Statement of Ownership (sc 13g/a)
02/07/201712:24:05Amended Statement of Ownership (sc 13g/a)
01/31/201709:33:00Thermo Fisher Earnings, Sales Rise
01/31/201707:32:16Current Report Filing (8-k)
01/31/201706:00:00Thermo Fisher Scientific Reports Fourth Quarter and Full Year...
01/27/201706:07:18Amended Statement of Ownership (sc 13g/a)
01/06/201709:00:00Thermo Fisher Scientific to Hold Earnings Conference Call on...
01/04/201716:35:04Statement of Changes in Beneficial Ownership (4)
01/03/201708:30:00Thermo Fisher Scientific to Present at 35th Annual J.P. Morgan...
12/14/201616:08:29Current Report Filing (8-k)
12/06/201616:33:31Statement of Changes in Beneficial Ownership (4)
11/17/201616:51:21Statement of Changes in Beneficial Ownership (4)
11/10/201616:30:00Thermo Fisher Scientific Declares Quarterly Dividend
11/04/201612:12:08Quarterly Report (10-q)
10/28/201608:30:00Thermo Fisher Scientific to Present at Baird’s 2016 Industrial C...
10/27/201611:59:00Correction to Thermo Fisher Scientific's Earnings

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