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0.00111297453880152 -0.000559028307160714 0.00379461638799954 0.00116887736951761 -0.000135522013857195 0.00655587742033847 0.0123155630092663 0.012518846030052
Stock impact report

Thermo Fisher provides upbeat first-quarter revenue growth outlook, stock rallies [MarketWatch]

Thermo Fisher Scientific Inc (TMO) 
Last thermo fisher scientific inc earnings: 4/22 06:00 am Check Earnings Report
Company Research Source: MarketWatch
Shares of Thermo Fisher Scientific Inc. rallied 2.8% in premarket trading Monday, after the provider of analytical instruments and services for research and diagnostics provided an upbeat update to first-quarter sales. The comany said it expects revenue growth to be in the range of 1% to 2% from a year ago, while the FactSet revenue consensus of $6.14 billion implies a rise of just 0.2%. The outlook includes the "significant reduction" the company said it saw in customer activity in late March as a result of the COVID-19 pandemic. The company said it was unable to reasonably estimate its 2020 financial performance given the uncertainty of the scope, duration and impact of the pandemic. The stock has lost 13.1% year to date through Friday, while the S&P 500 has declined 23.0%. Show less Read more
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