Thermo Fisher Scientific Q2 Profit Increases, Beats Estimates

(RTTNews) - Thermo Fisher Scientific (TMO) released a profit for its second quarter that Increased from the same period last year and beat the Street estimates.

The company's earnings came in at $1.617 billion, or $4.28 per share. This compares with $1.548 billion, or $4.04 per share, last year.

Excluding items, Thermo Fisher Scientific reported adjusted earnings of $2.026 million or $5.36 per share for the period.

Analysts on average had expected the company to earn $5.23 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 3.0% to $10.855 billion from $10.541 billion last year.

Thermo Fisher Scientific earnings at a glance (GAAP) :

-Earnings: $1.617 Bln. vs. $1.548 Bln. last year. -EPS: $4.28 vs. $4.04 last year. -Revenue: $10.855 Bln vs. $10.541 Bln last year.