Thermo Fisher Earnings, Sales Rise
January 31 2017 - 09:33AM
Dow Jones News
By Imani Moise
Thermo Fisher Scientific Inc. said its fourth-quarter earnings
rose, led by strength in its life sciences segment.
The lab-equipment company has relied largely on acquisitions to
grow, spending $5.5 billion on deals during the 2016 fiscal
year.
In all for the quarter the company reported a profit of $629.5
million, or $1.59 a share, up from $602.6 million, or $1.50, a year
earlier. Excluding items like acquisition-related costs, earnings
rose to $2.41 per share from $2.12 in 2015.
Revenue grew 6.5% to $4.95 billion.
Analysts polled by Thomson Reuters had forecast earnings of
$2.38 per share on $4.98 billion in revenue.
Shares closed at $143.29 after Monday trading and were inactive
premarket. The stock has risen 8.5% over the past 12 months.
Write to Imani Moise at imani.moise@wsj.com
(END) Dow Jones Newswires
January 31, 2017 09:18 ET (14:18 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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