© Reuters. Thermo Fisher Scientific Profits, Higher Second Quarter Revenue
Investing.com – Thermo Fisher Scientific (NYSE 🙂 on Wednesday reported a second quarter better than analysts’ forecasts and higher than expected revenues.
Thermo Fisher Scientific reported earnings per share of $ 5.6 on revenue of $ 9.27 billion. Analysts polled by Investing.com were forecasting EPS of $ 5.47 on revenue of $ 8.73 billion.
Thermo Fisher Scientific shares are up 13% year-to-date, still down 0.77% from its 52-week high of $ 534.41 set on July 27. They underperform the S&P 500 which is up 17.18% since the start of the year. .
Thermo Fisher Scientific Tracks Other Major Healthcare Profits This Month
Thermo Fisher Scientific report follows earnings beaten by J&J on July 21, which reported EPS of $ 2.48 on revenue of $ 23.31 billion, compared to EPS forecast of $ 2.29 on revenues of $ 22.49 billion.
UnitedHealth had beaten expectations on July 15 with second-quarter EPS of $ 4.7 for revenue of $ 71.32 billion, compared to expected EPS of $ 4.43 for revenue of 69 , 51 billion dollars.
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