Thermo Fisher Scientific Inc (TMO) 2Q20 Earnings Raise, Outplays Market View

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Thermo Fisher Scientific Inc (NYSE:TMO) recorded its second quarter earnings results on Wednesday 22nd July 2020 before market open.

The world leader in serving science, reported $ 2.90 income per share for the quarter.

On adjusted basis, Thermo Fisher Scientific Inc reported income for the quarter of $ 3.89 per share, beat the consensus estimate of $ 2.84 income per share by $ 1.05 or 36.97 percent.

The quarterly earnings swell 4.69 percent compared with the same quarter last year.

The firm had revenue of $ 6,917.00 million for the quarter, compared to the consensus estimate of $ 6134.16 million. The revenues outshined analysts estimates by $ 782.84 million or 12.76 percent.

The financial report showed revenues escalated 9.52 percent versus second quarter of last year.

Analysts estimates are from Thompson Reuters, exclude one time gain or loss