Reported about 15 hours ago
Thermo Fisher Scientific's shares surged on Thursday following the release of its fourth-quarter results, which exceeded analysts' expectations. The company reported a revenue of $11.4 billion, a 5% increase year-over-year, and a profit of $1.83 billion, or $4.78 per share, surpassing previous estimates. All four divisions of the company saw sales increases, particularly in the Laboratory Products and Biopharma Services segment, which boosted investor confidence despite a previous quarter where sales were stagnant or declining.
Source: YAHOO