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Thermo Fisher reports YOY increase in Q4, FY'16 earnings

Thermo Fisher Scientific Inc. reported an increase in its fourth-quarter 2016 GAAP net income to $629.5 million, or $1.59 per share, from $602.6 million, or $1.50 per share, in the final months of 2015.

The company booked $956.5 million, or $2.41 per share, in fourth-quarter 2016 non-GAAP net income, which compares to $852.9 million, or $2.12 per share, in the same quarter of 2015.

The S&P Capital IQ consensus normalized EPS estimate for the quarter was $2.38.

Thermo Fisher recorded $4.95 billion in fourth-quarter 2016 sales revenue, an increase from $4.65 billion in the fourth quarter of 2015.

Full-year 2016 GAAP income also increased year over year to $2.02 billion, or $5.09 per share, from $1.98 billion, or $4.92 per share, in 2015.

On a non-GAAP basis, the company booked $3.29 billion, or $8.27 per share, in full-year 2016 income compared to $2.97 billion, or $7.39 per share, in 2015.

The S&P Capital IQ consensus normalized EPS estimate for the year was $8.24.

Full-year 2016 revenues of $18.27 billion compared to $16.97 billion for 2017.

The company will host an earnings conference call at 8:30 a.m. ET on Jan. 31 to provide its financial outlook for 2017.