Thermo Fisher Scientific Q3 Profit Increases, beats estimates

(RTTNews) - Thermo Fisher Scientific (TMO) revealed earnings for its third quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $1.72 billion, or $4.42 per share. This compares with $1.50 billion, or $3.79 per share, in last year's third quarter.

Excluding items, Thermo Fisher Scientific reported adjusted earnings of $2.21 billion or $5.69 per share for the period.

Analysts on average had expected the company to earn $5.63 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.0% to $10.57 billion from $10.68 billion last year.

Thermo Fisher Scientific earnings at a glance (GAAP) :

-Earnings (Q3): $1.72 Bln. vs. $1.50 Bln. last year. -EPS (Q3): $4.42 vs. $3.79 last year. -Analyst Estimate: $5.63 -Revenue (Q3): $10.57 Bln vs. $10.68 Bln last year.

-Guidance: Full year EPS guidance: $21.50 Full year revenue guidance: $42.7 Bln