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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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CAC 40 Extends Gains To 3rd Straight Day, Rises Over 1%
French stocks are up in positive territory on Wednesday, extending gains to a third straight session, led by gains in financial and luxury sectors.
Expectations of an interest rate cut by the Federal Reserve next month, and hopes that the government shutdown in the U.S. will likely end this week help underpin sentiment.
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Pred 1 h 14 min
DAX Climbs To 4-week High On Inflation Data, Earnings
Germany's DAX climbed to a four-week high on Wednesday with investors continuing to pick up stocks amid hopes the US government shutdown will come to an end soon, and expectations of an interest rate cut by the Federal Reserve in December.
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Pred 1 h 41 min
Sensex, Nifty Surge On Trade Deal Hopes; IT Stocks Lead Gains
Indian shares rose notably on Wednesday, with U.S. shutdown resolution and growing optimism over a potential trade deal with the United States boosting sentiment.
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Pred 2 h 39 min
Yen Falls After Japan PM Takaichi Comments
The Japanese yen weakened against other major currencies in the Asian session on Wednesday, as Japan's Prime Minister Sanae Takaichi signals a looser fiscal target and calls for caution in the Bank of Japan (BoJ) rate hike.
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Pred 3 h 40 min
European Shares Climb On Hopes Of US Shutdown Ending
European stocks hit a new record peak on Wednesday as an effort to end the longest-ever U.S. government shutdown headed to a final vote in the House of Representatives.
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Pred 3 h 40 min
Asian Shares Mixed As Tech Stocks Drag
Asian stocks ended mixed on Wednesday as concerns persisted about a potential Artificial Intelligence (AI)-driven market bubble and new data added to signs of a weakening U.S. labor market.
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Pred 4 h 18 min
Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
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Pred 5 h 43 min
European Shares Seen Mostly Higher At Open
European stocks are seen opening broadly higher on Wednesday as traders hope for the end of the longest government shutdown in U.S. history.
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Pred 7 h 17 min
