Thermo Fisher Posts 13 Percent Q3 Revenue Growth, Lowers 2011 Guidance | GenomeWeb

By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – Thermo Fisher Scientific today said that revenues for the third quarter grew 13 percent to $2.97 billion, but lowered its revenue and EPS estimates for full-year 2011 reflecting weakness in the academic/government market.

Revenues for the three months ended Oct. 1 compare to $2.63 billion from the year ago period and missed analyst estimates of $3 billion for the quarter.

Organically, revenues grew 3 percent year over year.

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