Thermo Fisher Scientific Third Quarter 2024 Earnings: EPS Beats Expectations

Thermo Fisher Scientific (NYSE:TMO) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$10.6b (flat on 3Q 2023).
• Net income: US$1.63b (down 5.0% from 3Q 2023).
• Profit margin: 15% (in line with 3Q 2023).
• EPS: US$4.27 (down from US$4.44 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Thermo Fisher Scientific EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.0%.

Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Life Sciences industry in the US.

Performance of the American Life Sciences industry.

The company's shares are down 2.5% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Thermo Fisher Scientific you should be aware of.

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