Thermo Posts 13 Percent Jump in Q3 Revenues but Lowers Guidance Due to Academic, Government Weakness | GenomeWeb

This story originally ran on Oct 26.

By Adam Bonislawski

Thermo Fisher Scientific this week reported a 13 percent rise in third-quarter revenue but lowered its full-year guidance, citing weakness in the academic and government markets, which account for roughly 23 percent to 24 percent of the company's revenues.

Revenues for the quarter were $2.97 billion compared to $2.63 billion from the year-ago period and missed analyst estimates of $3 billion.

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