Thermo Fisher (TMO) Q4 Earnings Top, Organic Growth Solid
Zacks Investment Research | Jan 29, 2020 11:00PM ET
Thermo Fisher Scientific Inc.'s (NYSE:TMO) fourth-quarter 2019 adjusted earnings per share (EPS) of $3.55 beat the Zacks Consensus Estimate by a penny. The figure also improved from the year-ago quarter by 9.2%. On a reported basis, EPS was $2.49, increasing 12.2% year over year.
For the full year, adjusted earnings came in at $12.35 per share, ahead of the Zacks Consensus Estimate by 0.2% and also up 11.1% from the year-ago figure. The adjusted figure also surpassed the company’s guided range of $12.28-$12.34.
Revenues in the quarter under review grossed $6.83 billion, up 4.9% year over year. The top line also bettered the Zacks Consensus Estimate by 0.7%.
Full-year revenues of $25.54 billion exceeded the Zacks Consensus Estimate by 0.2% and improved 4.9% from 2018 as well. Further, this exceeded the company’s projected revenue range of $25.34-$25.50 billion for 2019.
Quarter in Detail
Organic revenues in the reported quarter grew 5% year over year while acquisitions, net of a divestiture, increased revenues by 1%. However,currency translation adversely impacted total revenues by a slight 1%.
Thermo Fisher operates under four business segments: Life Sciences Solutions, Analytical Instruments, Specialty Diagnostics and Laboratory Products and Services.
Thermo Fisher Scientific Inc. Price, Consensus and EPS Surprise
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