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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
07/31/201514:16:32Quarterly Report (10-q)
07/30/201516:46:38Statement of Changes in Beneficial Ownership (4)
07/27/201509:30:00Thermo Fisher Scientific Unveils New Solutions to Advance the...
07/22/201508:02:21Current Report Filing (8-k)
07/22/201507:09:29Thermo Fisher Scientific Lifts Full Year Outlook -- Update
07/22/201507:01:56Thermo Fisher Scientific Lifts Full Year Outlook
07/22/201506:00:00Thermo Fisher Scientific Reports Second Quarter 2015 Results
07/21/201517:10:39Securities Registration (section 12(b)) (8-a12b)
07/21/201517:04:07Current Report Filing (8-k)
07/21/201509:05:00Analyst Scanner on Medical Laboratories and Research Equities...
07/17/201516:43:21Current Report Filing (8-k)
07/17/201516:33:04Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
07/16/201516:47:59Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
07/16/201516:30:00Thermo Fisher Scientific Prices Offering of Euro-Denominated...
07/16/201516:27:22Statement of Changes in Beneficial Ownership (4)
07/16/201516:25:08Statement of Changes in Beneficial Ownership (4)
07/16/201506:07:03Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
07/10/201508:30:00Thermo Fisher Scientific Declares Quarterly Dividend
07/01/201509:01:00Thermo Fisher Scientific to Hold Earnings Conference Call on...
06/30/201517:15:14Statement of Changes in Beneficial Ownership (4)

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