October 26, 2011
Revenues, Earnings Grow At Thermo Fisher
By Rick Saia
Thermo Fisher Scientific Inc., which has operations in Milford and Franklin, said its revenues grew 13 percent in its most recent fiscal quarter to a record $2.97 billion.
The Waltham-based medical device manufacturer and service provider also said its earnings per share grew 23 percent to $1.07.
During the quarter, which ended Oct. 1, Thermo Fisher spent $225 million to buy back 4 million shares of company stock. The company also completed its acquisition of Sweden-based Phadia, which added allergy and autoimmunity diagnostic tests to its offerings.
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