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Stock impact report

Jim Cramer on Thermo Fisher: “I Think That the Market Has This Wrong” [Yahoo! Finance]

Thermo Fisher Scientific Inc (TMO) 
Last thermo fisher scientific inc earnings: 4/22 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
stocks . Noting the market's reaction to the company's recently reported quarter, Cramer said: Alright, what just happened to the stock of Thermo Fisher Scientific, the arms dealer to the life sciences industry that I've liked for so long? This morning, Thermo Fisher reported what looks like a very solid set of numbers, a modest revenue beat paired with a healthy 19-cent earnings beat off a $5.25 basis. Management also raised their full-year forecast substantially, but their guidance for the current quarter came in light. In response, the stock got obliterated today, plunging $47.28 or 9.2% to the point where the stock's now down nearly 20%… I think that the market has this wrong… This is a great American company. A stock market graph. Photo by energepic.com Thermo Fisher Scientific Inc. (NYSE:TMO) provides instruments, reagents, consumables, software, and lab services that support scientific research, diagnostics, and drug and vaccine development. While we acknowledge the pot Show less Read more
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