Thermo Fisher (TMO) Beats Q2 Earnings, Revenue Estimates - Tale of the Tape
Involved in Scientific Research? Then you must have heard about MA-based Thermo Fisher Scientific, Inc. ( TMO), one of the leading scientific instrument manufacturers across the world. Interestingly for this acquisition-friendly company, the latest buy out of Life Technologies is expected to give birth to an unrivaled market leader serving research, Specialty Diagnostics and applied markets.
Currently, Thermo Fisher has a Zacks Rank #2 (Buy) but that could change following its solid second-quarter 2015 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: The Zacks Consensus Estimate remained steady at $1.78 per share over the last 7 days. Thermo Fisher’s adjusted earnings per share of $1.84 beat this estimate by 3.4%.
Revenues: Thermo Fisher posted revenues of $4.271 billion, comfortably beating the Zacks Consensus Estimate for revenues of $4.169 billion.
Key Stats : Among its four business segments, Thermo Fisher delivered revenues of $1.13 billion (up 2.4%) in Life Sciences Solutions, $777 million (down 2.1%) in Analytical Instruments, $817.1 million (down 4.4%) in Specialty Diagnostics and $1.69 billion (down 0.4%) in Laboratory Products and Services respectively, following the acquisition of Life Technologies.
Major Factors : Thermo Fisher made great progress during the quarter in executing its growth strategy. Notably, the company continued its strong momentum in technology innovation with significant new products to help its customers advance their work, from life sciences research to applied markets. In emerging markets, management opened a new demo center in Dubai to better serve the growing customer base in the Middle East.
Stock Price : Following the earnings release, share prices did not show any movement in the pre-market trading session.
Check back later for our full write up on this Thermo Fisher earnings report later!
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