earnings
confidence high
sentiment neutral
materiality 0.65
Thermo Fisher Q3 revenue flat at $10.60B; adjusted EPS $5.28; raises FY adjusted EPS guidance
THERMO FISHER SCIENTIFIC INC.
2024-Q3 EPS reported
$11.75
revenue$31,484,000,000
- Revenue $10.60B, essentially flat versus $10.57B in Q3 2023; organic revenue also flat.
- GAAP diluted EPS $4.25 vs $4.42; adjusted EPS $5.28 vs $5.69, both down YoY.
- GAAP operating margin 17.3% vs 17.6%; adjusted operating margin 22.3% vs 24.2%.
- FY 2024 adjusted EPS guidance raised to $21.35-$22.07 from $21.29-$22.07; revenue guidance unchanged at $42.4-$43.3B.
- CEO cites sequential improvement in growth and strong commercial wins.