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Thermo Fisher Scientific Guides FY23 Above Estimates - Update
(RTTNews) - While reporting financial results for the fourth quarter on Wednesday, Thermo Fisher Scientific Inc. (TMO) initiated adjusted earnings and revenue guidance for the full-year 2023.
Looking ahead to fiscal 2023, the company now projects adjusted earnings of $23.70 per share on revenues of $45.3 billion, with core organic revenue growth of 7 percent.
On average, analysts polled by Thomson Reuters are expecting the company to report earnings of $23.21 per share in revenues of $43.96 billion for the year. Analysts typically exclude one-time items.
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Hang Seng May Breach 27,000-Point Level
The Hong Kong stock market has moved higher in three straight sessions, advancing almost 675 points or 2.9 percent along the way. The Hang Seng Index now rests just above the 26,920-point plateau and it's expected to open to the upside again on Thursday.
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1h 16min ago
Australian Market Modestly Lower
The Australian market is trading modestly lower on Thursday, adding to the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,800 level, with weakness is financial, energy and technology stocks partially offset by gains in mining stocks.
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1h 17min ago
China Shares May Find Traction On Thursday
The China stock market has moved lower in two straight sessions, sinking almost 20 points or 0.5 percent along the way. The Shanghai Composite Index now sits just above the 4,000-point plateau although it figures to move back to the upside on Thursday.
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1h 31min ago
Australia Jobless Rate Falls To 4.3% In October
The unemployment rate in Australia came in at a seasonally adjusted 4.3 percent in October, the Australian Bureau of Statistics said on Thursday.
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1h 53min ago
Mild Upside Seen For Taiwan Stock Market
The Taiwan stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day losing streak in which it had given up more than 640 points or 2.3 percent. The Taiwan Stock Exchange now sits just beneath the 27,950-point plateau and it may tick higher again on Thursday.
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2h 1min ago
U.S. Dollar Falls Against Franc, Canadian Dollar
The U.S. dollar fell against the Swiss franc and the Canadian dollar in the New York session on Wednesday.
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2h 17min ago
Win Streak May Continue For Singapore Stock Market
The Singapore stock market has finished higher in back-to-back sessions, gathering more than 80 points or 1.8 percent along the way. The Straits Times Index now sits just beneath the 4,570-point plateau and it's expected to bounce higher again on Thursday.
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2h 31min ago
Japan Producer Prices Climb 2.7% On Year In October
Producer prices in Japan were up 2.7 percent on year in October, the Bank of Japan said on Thursday.
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2h 35min ago
