Thermo Fisher Scientific (NYSE:TMO) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$10.5b (down 1.4% from 2Q 2023).
• Net income: US$1.55b (up 14% from 2Q 2023).
• Profit margin: 15% (up from 13% in 2Q 2023). The increase in margin was driven by lower expenses.
• EPS: US$4.05 (up from US$3.53 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Thermo Fisher Scientific EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.3%.

Looking ahead, revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Life Sciences industry in the US.

The company's shares are up 10.0% from a week ago.

Risk Analysis

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