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TMO / Thermo Fisher's stock on track for lowest close in more than three years after revenue miss and lowered guidance

Thermo Fisher's stock on track for lowest close in more than three years after revenue miss and lowered guidance
Thermo Fisher Scientific Inc.'s stock TMO, -7.80% fell about 9% Wednesday to put it on track for its lowest close in more than three years, after the supplier of analytics, diagnostics and laboratory services missed revenue estimates for its third quarter and trimmed guidance. The company posted net income of $1.715 billion, or $4.42 a share, for the quarter, up from $1.495 billion, or $3.79 a share, in the year-earlier period. Read More
Posted: Oct 25 2023, 10:20
Author Name: Market Watch
Views: 112575

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Thermo Fisher's stock on track for lowest close in more than three years after revenue miss and lowered guidance

By Market Watch
October 25, 2023

Thermo Fisher's stock on track for lowest close in more than three years after revenue miss and lowered guidance

Thermo Fisher Scientific Inc.'s stock TMO, -7.80% fell about 9% Wednesday to put it on track for its lowest close in more than three years, after the more_horizontal

Thermo Fisher lowers profit and sales outlook on soft demand, rising costs

By Proactive Investors
October 25, 2023

Thermo Fisher lowers profit and sales outlook on soft demand, rising costs

Thermo Fisher Scientific (NYSE:TMO) issued a forecast for full-year profit and sales that falls below Wall Street expectations on lower-than-expected more_horizontal

Thermo Fisher Scientific (TMO) Beats Q3 Earnings and Revenue Estimates

By Zacks Investment Research
October 25, 2023

Thermo Fisher Scientific (TMO) Beats Q3 Earnings and Revenue Estimates

Thermo Fisher Scientific (TMO) came out with quarterly earnings of $5.69 per share, beating the Zacks Consensus Estimate of $5.58 per share. This comp more_horizontal

Thermo Fisher Stock Slumps After Sales Miss and Outlook Is Slashed Again

By Barrons
October 25, 2023

Thermo Fisher Stock Slumps After Sales Miss and Outlook Is Slashed Again

The leading maker of scientific equipment slashes its guidance for the second consecutive quarter, citing a challenging macro environment. more_horizontal

Thermo Fisher cuts annual profit forecast on weak biotech demand

By Reuters
October 25, 2023

Thermo Fisher cuts annual profit forecast on weak biotech demand

Medical equipment maker Thermo Fisher Scientific on Wednesday cut its annual profit forecast for the second straight quarter, hurt by lower-than-expec more_horizontal

Olink Holding stock soars on acquisition by Thermo Fisher Scientific

By Proactive Investors
October 17, 2023

Olink Holding stock soars on acquisition by Thermo Fisher Scientific

Olink Holding AB shares surged 66% to $24.87 in late-morning trading on Tuesday after the provider of next-generation proteomics solutions announced t more_horizontal

Thermo Fisher to Buy Sweden's Olink for $3.1 Billion

By Barrons
October 17, 2023

Thermo Fisher to Buy Sweden's Olink for $3.1 Billion

Thermo Fisher will acquire proteomics company Olink for $26 per American depositary share in cash. more_horizontal

Thermo Fisher's stock slips after deal to buy Sweden's Olink for a 74% premium

By Market Watch
October 17, 2023

Thermo Fisher's stock slips after deal to buy Sweden's Olink for a 74% premium

Thermo Fisher Scientific Inc. TMO, +1.18% announced Tuesday an agreement to buy Sweden-based proteomics company Olink Holding AB OLK, +0.47% in a deal more_horizontal


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