Thermo Fisher Scientific Lifts FY17 Earnings, Revenue Forecast - Quick Facts

(RTTNews) - Thermo Fisher Scientific Inc. (TMO) on Wednesday raised its fiscal 2017 forecast again to reflect the acquisition of Patheon, strong operational performance and a more favorable foreign exchange environment.

The company now expects adjusted earnings per share in a new range of $9.29 to $9.38, compared to the $9.15 to $9.28 previously communicated, for 12 to 13% growth over 2016.

Further, the company now expects full-year revenue in a new range of $20.50 to $20.66 billion versus its previous guidance of $19.71 to $19.89 billion. This would result in 12 to 13% revenue growth over the previous year.

Analysts polled by Thomson Reuters expect the company to report earnings of $9.35 per share on revenues of $20.51 billion for fiscal year 2017. Analysts' estimates typically exclude special items.