October 25, 2007
Hotter earnings for Thermo Fisher
By Matthew L. Brown
Waltham-based Thermo Fisher Scientific Inc. reported third quarter net income of $218.5 million on record revenue of $2.4 billion.
The record revenue was largely the result of the 2006 merger between Thermo and Fisher Scientific, the company said. The company reported third quarter revenue of $725 million in 2006.
Net income for the company's third quarter of 2006 was $48.8 million.
The company saw growth in both its analytical technologies and laboratory products segments during the quarter.
The company, which makes lab equipment and technology, upped its revenue outlook for the year to a range of $9.60 to $9.65 billion, or 36 percent above 2006.
The record revenue was largely the result of the 2006 merger between Thermo and Fisher Scientific, the company said. The company reported third quarter revenue of $725 million in 2006.
Net income for the company's third quarter of 2006 was $48.8 million.
The company saw growth in both its analytical technologies and laboratory products segments during the quarter.
The company, which makes lab equipment and technology, upped its revenue outlook for the year to a range of $9.60 to $9.65 billion, or 36 percent above 2006.
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