Involved in Scientific Research? Then you must have heard about MA-based Thermo Fisher Scientific, Inc. (TMO), one of the leading scientific instrument manufacturers across the world. Interestingly for this acquisition-friendly company, the latest buy out of Life Technologies is expected to give birth to an unrivaled market leader serving research, Specialty Diagnostics and applied markets.
Currently, Thermo Fisher has a Zacks Rank #4 (Sell) but that could change following its mixed first-quarter 2015 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: The Zacks Consensus Estimate remained steady at $1.61 per share over the last 60 days. Thermo Fisher’s adjusted earnings per share of $1.63 beat this estimate by 1.2%.
Revenues: Thermo Fisher posted revenues of $3.919 billion, missing the Zacks Consensus Estimate for revenues of $4.002 billion.
Key Stats: Among its four business segments, Thermo Fisher delivered revenues of $1.02 billion (up 22.1%) in Life Sciences Solutions, $727.4 million (down 5.5%) in Analytical Instruments, $785.2 million (down 3.5%) in Specialty Diagnostics and $1.51 billion (down 4.8%) in Laboratory Products and Services respectively, following the acquisition of Life Technologies.
Major Factors: In emerging markets, Thermo Fisher continued to make excellent progress and delivered strong results in China, South Korea and India; thereby increasing its direct commercial presence in Asia. Moreover the company deployed $800 million of capital to bolster its strategic position and create shareholder value, expanding its bioproduction offering by acquiring ASI and buying back its stock early in 2015.
Stock Price: Following the earnings release, Thermo Fisher has lost 2% in the pre-market trading session. This reflects investors’ pessimism on the results. However, the price movement during the full trading session will show whether the results have affected the market.
Check back later for our full write up on this Thermo Fisher earnings report later!
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