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.
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(END) Dow Jones Newswires
October 27, 2021 06:31 ET (10:31 GMT)Copyright (c) 2021 Dow Jones & Company, Inc.