Investing.com - Thermo Fisher Scientific (NYSE:TMO) reported first quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $2.81 on revenue of $6.13B. Analysts polled by Investing.com anticipated EPS of $2.73 on revenue of $6.02B. That compared to EPS of $2.5 on revenue of $5.85B in the same period a year earlier. The company had reported EPS of $3.25 on revenue of $6.51B in the previous quarter.
For the year, Thermo Fisher Scientific shares are down 4.57%, under-performing the S&P 500 which is up 18.44% year to date.
Thermo Fisher Scientific follows other major Healthcare sector earnings this month
On Tuesday, April 16, 2019, J&J reported first quarter EPS of $2.1 on revenue of $20.02B, compared to forecasts of EPS of $2.04 on revenue of $19.61B.
Novartis ADR earnings beat analyst's expectations on Wednesday, with first quarter EPS of $1.21 on revenue of $11.11B. Investing.com analysts expected EPS of $1.1 on revenue of $11.4B
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