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

Wednesday, 24 Jul 2013 06:00am EDT 

Thermo Fisher Scientific Inc updated its fiscal 2013 guidance and expects revenue guidance to a new range of $12.83 to $12.95 billion from its previous range of $12.84 to $13.00 billion, reflecting increased headwinds from currency exchange rates. This results in 3% to 4% revenue growth over 2012, consistent with previous guidance. The company is also updating its adjusted earnings per share (EPS) guidance for fiscal 2013, raising the low end by $0.02 to a new range of $5.29 to $5.39, primarily reflecting solid operating performance, partially offset by the impact of currency exchange and a slightly higher share count. Consistent with previous guidance, adjusted EPS growth remains at 7% to 9% over the prior year. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $12.91 billion and EPS of $5.34 for fiscal 2013. 

Company Quote

0.88 +0.69%
26 Dec 2014