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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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China Shares Tipped To Open In The Green
The China stock market has moved lower in two of three trading days since the end of the two-day winning streak in which it had advanced more than 45 points or 1.1 percent. The Shanghai Composite Index now sits just above the 4,000-point plateau although it figures to move back to the upside on Wednesday.
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1h 4min ago
Australia Home Loans Jump 6.4% In Q3
The total number of new home loans issued in Australia was up a seasonally adjusted 6.4 percent on quarter in the third quarter of 2025, the Australian Bureau of Statistics said on Wednesday - coming in at 141,470.
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1h 29min ago
Tech Shares May Weigh On Taiwan Stock Market
The Taiwan stock market has alternated between positive and negative finishes through the last four 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 above the 27,780-point plateau and it may remain stuck in neutral on Wednesday.
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1h 34min ago
U.S. Dollar Weakens Amid Risk Appetite
The U.S. dollar fell against its major counterparts in the New York session on Tuesday amid risk appetite following a deal to end the government shutdown.
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1h 55min ago
Singapore Bourse May Extend Tuesday's Gains
The Singapore stock market bounced higher again on Tuesday, one day after ending the two-day winning streak in which it had climbed more than 75 points or 1.7 percent. The Straits Times Index now sits just above the 4,540-point plateau and it's expected to bounce higher again on Wednesday.
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2h 4min ago
Japan M2 Money Stock Climbs 1.6% Annually
The M2 money stock in Japan was up 1.6 percent on year in October, the Bank of Japan said on Wednesday - coming in at 1,270.1 trillion yen.
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2h 9min ago
Win Streak May Continue For Malaysia Stock Market
The Malaysia stock market has moved higher in three straight sessions, collecting more than 15 points or 1 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,635-point plateau and it's expected to see additional support on Wednesday.
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2h 34min ago
Mild Upside Seen For Japan Stock Market
The Japan stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had plunged nearly 2,200 points or 4.2 percent. The Nikkei 225 now rests just above the 50,840-point plateau and it may tick higher again on Wednesday.
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2h 49min ago
