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Thermo Fisher Scientific shares (TMO) rose on Wednesday after the company reported first-quarter results that exceeded analysts’ expectations.
The Waltham-based company’s adjusted earnings per Share (EPS) was $5.15, on revenue of $10.3 billion. Visible Alpha surveyed analysts who projected $5.10 billion and $10.23billion respectively.
"We delivered very strong performance in the first quarter in a more uncertain macroeconomic environment, and I'm incredibly proud of our team's execution," CEO Marc Casper said.
During the firm's earnings call, Thermo Fisher executives said they now see adjusted EPS for the full year a dollar lower at the midpoint, or $22.30, citing the impact of policy changes, including tariffs between the U.S. and China. Analysts were expecting full-year adjusted earnings per share of $23.16.
Thermo Fisher stocks, which had been down 16% by 2025, climbed nearly 5% after the markets opened on Wednesday, before reversing early gains. (Read Investopedia’s live coverage of today’s market action here.)
