Investing.com -- Thermo Fisher Scientific Inc (NYSE:TMO) reported first-quarter earnings on Wednesday that exceeded analyst expectations, driving shares up 3.5% in response to the positive results.
The scientific instrument maker posted adjusted earnings per share of $5.15 for the quarter ended March 29, 2025, surpassing the analyst consensus of $5.11.
Revenue came in at $10.36 billion, beating estimates of $10.23 billion and showing a slight increase from $10.34 billion in the same quarter last year.
Organic revenue growth for the quarter was 1% YoY, while the company’s GAAP diluted EPS grew 15% to $3.98 and adjusted EPS increased 1% compared to the prior-year period.
Thermo Fisher also announced an agreement to acquire Solventum’s Purification & Filtration Business for $4.1 billion in cash.
Additionally, the company said it repurchased $2.0 billion of stock and increased its dividend by 10% during the quarter.
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