Thermo Fisher reports record second quarter
Thermo Fisher Scientific Inc., a Waltham company that provides instruments and services to researchers and life sciences companies, reported today that revenues increased 14 percent to a record $2.71 billion in the second quarter driven by "robust demand" for its products, particularly in Asia.
Net income for the quarter was $250 million, up from $164 million a year ago, the company said, and GAAP operating income for the 2008 quarter was $330.2 million, compared with $243 million in 2007.
"Our strong results to date are right in line with our expectations, and position us well to achieve our financial goals for all of 2008," Marijn E. Dekkers (right), president and chief executive officer of Thermo Fisher Scientific, said in a statement. "Our excellent growth was driven by robust demand in our scientific instruments, specialty diagnostics and biopharma services businesses, as well as ongoing strong performance in Asia overall."
(By Chris Reidy, Globe staff)
