Thermo Fisher Scientific Guides FY23 Above Estimates - Update

(RTTNews) - While reporting financial results for the fourth quarter on Wednesday, Thermo Fisher Scientific Inc. (TMO) initiated adjusted earnings and revenue guidance for the full-year 2023.

Looking ahead to fiscal 2023, the company now projects adjusted earnings of $23.70 per share on revenues of $45.3 billion, with core organic revenue growth of 7 percent.

On average, analysts polled by Thomson Reuters are expecting the company to report earnings of $23.21 per share in revenues of $43.96 billion for the year. Analysts typically exclude one-time items.

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