— Jeff Ward, Lehigh Valley News Briefs
Thermo Fisher Scientific, a maker of laboratory and medical equipment, reported fourth-quarter revenue of $11.4 billion today, up 5% from the year-ago quarter. Shares in the company rose in early trading.
Adjusted earnings per share were $6.10, topping the $5.93 consensus estimate of 10 Wall Street analysts compiled by Zacks Investment Research. Adjusted EPS excludes items the company considers to be unusual or one-time.
“We are in a great position to deliver excellent performance in 2025,” Marc N. Casper, Thermo Fisher’s chairman, chief executive and president said in a statement.
Thermo Fisher is based in Waltham, Massachusetts, and has Lehigh Valley operations.
Fourth-quarter earnings per share under Generally Accepted Accounting Principles (GAAP) were $4.78. GAAP does not allow for exclusions.
Revenue for the full year was $42.88 billion in 2024 versus $42.86 billion in 2023, according to the company statement.
Shares of Thermo Fisher (NYSE:TMO) were up in early trading, reaching $581.00, up $12.77 from Wednesday’s close, at 8:51 a.m.
— Disclosure: I own shares of Thermo Fisher as part of a buy-and-hold strategy.
Lehigh Valley News Briefs 