The company reported second quarter earnings of $1.72 per share, 9 cents better than analysts anticipated.
Thermo Fisher also increased its full year EPS guidance to $6.85 - $6.97 from $6.80 - $6.95, based on its solid performance during the first half of the year.
TheStreet Ratings team rates THERMO FISHER SCIENTIFIC INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate THERMO FISHER SCIENTIFIC INC (TMO) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, compelling growth in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."