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Thermo Fisher Raises 2021 Sales, Earnings Guidance

By Matt Grossman

 

Thermo Fisher Scientific Inc. Wednesday raised its full-year earnings guidance after the company surpassed analysts' expectations for sales and profits in the latest quarter.

Thermo Fisher now expects sales of $37.1 billion this year, a $1.2 billion increase over the company's previous guidance. That would be 15% revenue growth over last year.

The company also raised its adjusted earnings guidance to $23.37, a $1.30 a share increase.

Analysts had been forecasting earnings of $22.21 a share and sales of $36.1 billion.

 

Write to Matt Grossman at matt.grossman@wsj.com

 

(END) Dow Jones Newswires

October 27, 2021 06:31 ET (10:31 GMT)

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