Thermo Fisher Scientific Raises 2018 Revenue, Earnings Guidance - Quick Facts

(RTTNews) - Thermo Fisher Scientific Inc. (TMO) announced the company is raising its 2018 revenue and earnings guidance primarily to reflect strong operational performance, partially offset by less favorable foreign exchange. The company increased its revenue guidance to a new range of $23.99 to $24.09 billion versus its previous guidance of $23.68 to $23.86 billion, for 15% growth over 2017. The company also raised its adjusted EPS guidance to a new range of $11.00 to $11.06, versus its previous guidance of $10.89 to $11.01, for 16 to 17% growth year over year.

For the third-quarter, adjusted EPS increased 13% to $2.62. Revenue grew 16% to $5.92 billion. Organic revenue growth was 10%, for the quarter.