
Thermo Fisher Scientific Inc. ($TMO) reported its fourth-quarter earnings for fiscal year 2024, revealing an adjusted earnings per share (EPS) of $6.10, surpassing estimates of $5.94. The company's revenue reached $11.4 billion, exceeding expectations of $11.29 billion and reflecting a year-over-year increase of 4.68%. Net income for the quarter was reported at $1.83 billion. The growth in Q4 was attributed to strong demand for its tools and services, driven by new product launches and strategic acquisitions. For fiscal year 2025, Thermo Fisher provided guidance of 3% to 4% organic revenue growth, despite facing 1.5% foreign exchange headwinds. The company anticipates flat growth in the first quarter compared to its competitor Danaher Corp., which is projected to experience low single-digit declines.
Thermo Fisher $TMO has released its quarterly earnings. Revenue of $11.40B (+4.68% YoY) beats by $115M. EPS of $6.10 (+7.58% YoY) beats by $0.16.
Thermo Fisher $TMO guides FY25 organic revenue of 3-4% with 1.5% FX headwinds, compared to $DHR's 3% core growth and 1% FX offset. The company expects Q1 growth to be flat vs. DHR's LSD decline. It called out market share growth in 2024 and expects continued strength. https://t.co/zbKbzCJJH3
$TMO Guidance: "Putting all this together, our top line guidance assumes a 1.5% to 2.5% increase in reported revenue dollars and a 3% to 4% increase in organic revenue. This is a strong step-up from 2024. Moving on to the bottom line. We expect to deliver a very strong year ofโฆ https://t.co/V2NEtGyGDA



