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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