Thermo Fisher Scientific sales increased despite higher costs having a negative impact on profits.
The American science equipment company showed a net profit of 2.22 billion dollars in the quarter compared to 2.34 billion dollars a year ago.
Earnings per share stood at $ 5.61 per share from $ 5.88 per share.
Excluding extraordinary items, adjusted earnings per share were at $ 7.25 per share, while analysts were expecting $ 6.22.
Revenue rose to $ 11.82 billion from $ 9.91 billion. Analysts expected sales of $ 10.69 billion.
Organic sales rose 16%, while revenues from coronavirus tests added $ 1.68 billion.
The cost of sales increased to $ 6.21 billion from $ 4.56 billion.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
