Thermo Fisher Scientific Q3 adjusted earnings Beat Estimates

(RTTNews) - Thermo Fisher Scientific (TMO) released earnings for its third quarter that advanced from last year.

The company's earnings came in at $760 million, or $1.88 per share. This compares with $709 million, or $1.75 per share, in last year's third quarter.

Excluding items, Thermo Fisher Scientific reported adjusted earnings of $1.19 billion or $2.94 per share for the period.

Analysts had expected the company to earn $2.87 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.9% to $6.27 billion from $5.92 billion last year.

Thermo Fisher Scientific earnings at a glance:

-Earnings (Q3): $1.19 Bln. vs. $1.07 Bln. last year. -EPS (Q3): $2.94 vs. $2.62 last year. -Analysts Estimate: $2.87 -Revenue (Q3): $6.27 Bln vs. $5.92 Bln last year.

-Guidance: Full year revenue guidance: $12.28 - $12.34 Bln