WALTHAM, Mass. (AP) — WALTHAM, Mass. (AP) — Thermo Fisher Scientific Inc. (TMO) on Thursday reported second-quarter profit of $1.74 billion.
The Waltham, Massachusetts-based company said it had net income of $4.68 per share. Earnings, adjusted for one-time gains and costs, came to $6.03 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $5.71 per share.
The maker of scientific instrument and laboratory supplies posted revenue of $11.99 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $11.68 billion.
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