Thermo Fisher Scientific, Inc. (NYSE:TMO) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.55%.
Thermo Fisher Scientific, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 17.09% to $1.37 in the quarter versus EPS of $1.17 in the year-earlier quarter.
Revenue: Rose 2.89% to $3.19 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Thermo Fisher Scientific, Inc. reported adjusted EPS income of $1.37 per share. By that measure, the company beat the mean analyst estimate of $1.29. It beat the average revenue estimate of $3.17 billion.
Quoting Management: “We’re pleased with our solid first quarter results, with good performance on the top line,” said Marc N. Casper, president and chief executive officer of Thermo Fisher Scientific. “We also extended our track record of strong adjusted EPS growth, delivering a 17% increase year over year. Although the macro environment played out at the lower end of our expectations, our teams executed well to continue our growth momentum into 2013.”
Key Stats (on next page)…
Revenue decreased 2.13% from $3.26 billion in the previous quarter. EPS increased 0.74% from $1.36 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.35 to a profit $1.34. For the current year, the average estimate has moved down from a profit of $5.43 to a profit of $5.4 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)