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Thermo Fisher Scientific Q3 adjusted earnings Beat Estimates

(RTTNews) - Thermo Fisher Scientific (TMO) revealed earnings for its third quarter that climbed from last year.

The company's earnings totaled $709 million, or $1.75 per share. This compares with $534 million, or $1.34 per share, in last year's third quarter.

Excluding items, Thermo Fisher Scientific reported adjusted earnings of $1066 million or $2.62 per share for the period.

Analysts had expected the company to earn $2.55 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.6% to $5.92 billion from $5.12 billion last year.

Thermo Fisher Scientific earnings at a glance:

-Earnings (Q3): $1066 Mln. vs. $924 Mln. last year.
-EPS (Q3): $2.62 vs. $2.31 last year.
-Analysts Estimate: $2.55
-Revenue (Q3): $5.92 Bln vs. $5.12 Bln last year.

-Guidance:
Full year EPS guidance: $11.00 to $11.06
Full year revenue guidance: $23.99 to $24.09 Bln
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