Thermo Fisher Scientific Inc

TMO: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$816.00	Hjn	Syvxzpqcg

Thermo Fisher Scientific Delivers Yet Another Strong, COVID-19-Backed Quarter

Alex Morozov

Jul 28, 2021

We anticipate a moderate increase to our fair value estimate of wide-moat Thermo Fisher Scientific as we update our model following the release of second-quarter results. Total revenue grew 34% year over year for the quarter to $9.27 billion, marking the fourth consecutive quarter of over 30% growth year over year. Revenue continues to be inflated due to the COVID-19 pandemic response, which accounted for $1.9 billion of total revenue. With the second quarter providing a strong close for the first half of the year, management is raising revenue and adjusted earnings per share guidance for fiscal 2021 to $35.90 billion and $22.07, respectively.

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