Sector: Healthcare|Industry: Diagnostics & Research|Market Cap: $200.81B|Employees: 122K
Thermo Fisher Scientific Inc. is the world leader in serving science, providing a combination of innovative technologies, purchasing convenience, and pharmaceutical services. The company's core business model revolves around providing products and services to customers in pharmaceutical, biotech, academic, government, and industrial markets. They have a global presence with a focus on enabling customers to make the world healthier, cleaner and safer.
Total revenues remained relatively flat at $10.598 billion compared to $10.574 billion in the same quarter last year, indicating a slowdown in growth momentum. Product revenues were down slightly while service revenues were up slightly.
Operating income decreased slightly to $1.838 billion from $1.864 billion in the same quarter last year. This indicates some pressure on profitability despite flat revenue.
Net income attributable to Thermo Fisher Scientific Inc. decreased to $1.630 billion from $1.715 billion in the same quarter last year. This represents a decrease in profitability.