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Jun 29, 2024
Thermo Fisher Q2 2024 Earnings Report
Thermo Fisher Scientific reported strong financial performance and share gain in Q2 2024.
Key Takeaways
Thermo Fisher Scientific reported a revenue of $10.54 billion for the second quarter of 2024. GAAP diluted EPS increased by 15% to $4.04, and adjusted EPS increased by 4% to $5.37. The company is raising its full-year revenue and adjusted EPS guidance.
Second quarter revenue was $10.54 billion.
Second quarter GAAP diluted earnings per share (EPS) increased 15% to $4.04.
Second quarter adjusted EPS increased 4% to $5.37.
The company completed its acquisition of Olink, a provider of differentiated next-generation proteomic solutions.
Revenue by Segment
Forward Guidance
Thermo Fisher is raising its full-year revenue and adjusted EPS guidance.
Positive Outlook
- Raising revenue guidance to a new range of $42.4 to $43.3 billion versus its previous guidance of $42.3 to $43.3 billion.
- Raising adjusted EPS guidance to a new range of $21.29 to $22.07 versus its previous guidance of $21.14 to $22.02.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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