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Published on Feb 3, 2010
Thermo Fisher (NYSE:TMO) reported fiscal Q4 EPS of 91 cents, ahead of consensus estimates of 88 cents per share.
Revenues for the quarter rose 7% to $2.8 billion, topping the consensus estimates of $2.7 billion.
The company said it sees 2010 adjusted EPS of $3.30-$3.45, vs. estimates of $3.38 and sees 2010 sales of $10.6-$10.8 billion, vs. estimates of $10.6 billion.
President and CEO Marc N. Casper said, "I'm proud of the way our employees performed this past year in a tough economic environment. We successfully executed on our strategy - a combination of prudent cost-cutting in the short term and strategic investment that will yield growth over the long term. As a result of these actions, and the gradual recovery we are seeing in our key end markets, in the fourth quarter we grew adjusted EPS for the second quarter in a row and delivered organic revenue growth."