WALTHAM, Mass. (AP) _ Thermo Fisher Scientific Inc. (TMO) on Wednesday reported second-quarter earnings of $1.83 billion.
The Waltham, Massachusetts-based company said it had profit of $4.61 per share. Earnings, adjusted for one-time gains and costs, came to $5.60 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $5.51 per share.
The maker of scientific instrument and laboratory supplies posted revenue of $9.27 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $8.75 billion.
Thermo Fisher expects full-year earnings to be $22.07 per share, with revenue expected to be $35.9 billion.
Thermo Fisher shares have increased 14% since the beginning of the year, while the S&P's 500 index has climbed 17%. The stock has increased 28% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TMO at https://www.zacks.com/ap/TMO
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