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Thermo Fisher Scientific Inc Raises Low End Of Prior FY 2013 Revenue Guidance; Lowers FY 2013 EPS Guidance

Wednesday, 24 Apr 2013 06:00am EDT 

Thermo Fisher Scientific Inc updated fiscal 2013 guidance and expects revenue from $12.80 to $13.00 billion to a new range of $12.84 to $13.00 billion, resulting in 3% to 4% growth year over year. The Company also updated fiscal 2013 adjusted earnings per share (EPS) guidance from $5.32 to $5.46 to a new range of $5.27 to $5.39, reflecting the suspension of share buybacks and tightening of its revenue range. The 2013 guidance does not include the acquisition of Life Technologies or the impact of related financing activities. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $12.9 billion and EPS of $5.40 for fiscal 2013. 

Company Quote

1.88 +1.41%
4:03pm EDT