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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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European Economic News Preview: Eurozone GDP Data Due
Flash GDP estimate and foreign trade from the euro area and final inflation figures from France are due on Friday, headlining a light day for the European economic news. At 2.45 am ET, France's statistical office INSEE publishes final inflation data for October. According to flash estimate, consumer price inflation eased to 1.0 percent from 1.2 percent in September.
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1h 15min ago
European Shares Likely To Open On Subdued Note
European stocks are seen opening on a sluggish note Friday as uncertainty persists over Fed rate cuts and elevated technology valuation concerns loomed.
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1h 17min ago
Indian Shares Follow Global Peers Lower
Indian shares opened lower on Friday, mirroring weak cues from global markets as uncertainty persists over Federal Reserve interest-rate cuts and stretched valuations in technology stocks.
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2h 26min ago
Australian Market Maintains Early Sharp Losses In Mid-market
The Australian stock market is maintaining its early sharp losses in mid-market moves on Friday, extending the losses in the previous three sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,650 level, with weakness across all sectors led by mining and technology stocks.
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3h 43min ago
Asian Markets Track Wall Street Lower
Asian stock markets are trading mostly lower on Friday, following the broadly negative cues from Wall Street overnight, reflecting uncertainty whether key U.S. economic reports will be released following the end of the longest government shutdown in U.S. history, which could alter the US Fed's decision on interest rates. Asian markets ended mostly higher on Thursday.
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4h 5min ago
Indian Shares Set For Muted Opening; Bihar Election Results Eyed
Indian shares are set for a muted opening on Friday as investors await the Bihar election results for directional cues.
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4h 23min ago
China Industrial Output Gains An Annual 4.9% In October
Industrial production in China was up 4.9 percent on year in October, the National Bureau of Statistics said on Friday.
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4h 48min ago
Thai Stock Market May Turn Lower Again On Friday
The Thai stock market on Thursday snapped the two-day slide in which it had given up more than 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,285-point plateau although it may hand back those gains on Friday.
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5h 3min ago
