Earnings Update by AlphaStreet

— Thermo Fisher Scientific (NYSE: TMO) reported third-quarter 2019 earnings of $2.94 per share, vs. $2.87 per share expected.

— Revenues grew 6% to $6.27 billion, vs. $6.18 billion expected.

— Raised FY19 revenue guidance to $25.34 – $25.50 billion vs. prior guidance of $25.30 – $25.50 billion.

— Adjusted EPS guidance for FY19 raised to a new range of $12.28 – $12.34, vs. earlier guidance of $12.16 – $12.26.

— TMO shares have gained 28% since the beginning of this year.

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