Thermo Fisher Finishes 2009 With $850M Profit
Waltham-based Thermo Fisher Scientific, which has operations in Central Massachusetts, reported an annual profit of $850.3 million, a 13 percent decline from the same period a year earlier.
Revenues for 2009 totaled $10.1 billion, 3.7 percent less than revenues in 2008.
However, the company's revenue rallied during the fourth quarter, increasing 7 percent year-over-year thanks in part to favorable currency translation and acquisitions. But quarterly profit was down 4.7 percent.
The company is projecting revenue growth between 5 and 7 percent in 2010 with earnings per share growth in the range of 8 to 13 percent.
Thermo Fisher makes analytical instruments, laboratory equipment, software, services, consumables and reagents. It has operations in Franklin and also owns Athena Diagnostics in Worcester.
WBJ Web Partners
Most Recent
Most Recent
0 Comments