Thermo Fisher Scientific (TMO) Q4 adj. earnings rise; revenue down 5%

Thermo Fisher Scientific Inc. (NYSE: TMO) on Wednesday announced fourth-quarter 2023 financial results, reporting higher adjusted earnings, despite a decrease in revenues. Fourth-quarter revenues declined 5% annually to $10.89 billion, mainly reflecting weak performance by the Laboratory Products and Life Sciences Solutions segments. Adjusted earnings, meanwhile, moved up to $5.67 per share in the December […]

$TMO

January 31, 2024 1 min read

Thermo Fisher Scientific Inc. (NYSE: TMO) on Wednesday announced fourth-quarter 2023 financial results, reporting higher adjusted earnings, despite a decrease in revenues. Fourth-quarter revenues declined 5% annually to $10.89 billion, mainly reflecting weak performance by the Laboratory Products and Life Sciences Solutions segments. Adjusted earnings, meanwhile, moved up to $5.67 per share in the December […]

Thermo Fisher Scientific Inc. (NYSE: TMO) on Wednesday announced fourth-quarter 2023 financial results, reporting higher adjusted earnings, despite a decrease in revenues.

Thermo Fisher Scientific Q4 2023 earnings infographic

Fourth-quarter revenues declined 5% annually to $10.89 billion, mainly reflecting weak performance by the Laboratory Products and Life Sciences Solutions segments.

Adjusted earnings, meanwhile, moved up to $5.67 per share in the December quarter from $5.40 per share a year earlier. The reported profit was $1.63 billion or $4.20 per share, compared to $1.58 billion or $4.01 per share in the prior-year quarter.