2020-12-01 12:57:49 TMO Thermo Fisher
12/01/20 12/0112:57 12/01/2012:57 | Thermo Fisher raises FY20 adjusted EPS view to $19.17, consensus $18.34In a regulatory filing, Thermo Fisher disclosed that Chairman, President and CEO Marc Casper will be participating today in a virtual fireside chat at the Evercore ISI HealthCONx Conference. "Among other topics, Mr. Casper will provide the company's current perspective on the impact of the COVID-19 pandemic. This update will include expected fourth quarter organic revenue growth of 40%, compared to the original expected fourth quarter organic revenue growth of 29% that the company provided on October 21, 2020, when it announced its third quarter 2020 results, which would translate to full year 2020 organic revenue growth of approximately 22%. The better-than-expected organic revenue growth is driven by increased levels of organic growth in both the base business and COVID-19 response revenue. Additionally, Mr. Casper will communicate expected full year 2020 adjusted earnings per share of $19.17, which would represent 55% adjusted EPS growth over 2019, compared to the original expected year-over-year adjusted EPS growth of 48% that the company provided on October 21," the filing stated. |
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