Thermo Fisher reports drop in quarterly profit

Tajammul Pangarkar
Tajammul Pangarkar

Updated · Oct 27, 2021

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October 27, 2021

(Reuters) – Thermo Fisher Scientific Inc reported a 1.6% fall in quarterly profit on Wednesday, due to a sharp rise in expenses. The company’s net income fell to $1.90 billion, or $4.79 per share, for the third quarter ended Oct. 2, from $1.93 billion, or $4.84 per share, a year earlier.

(Reporting by Mrinalika Roy in Bengaluru; Editing by Shailesh Kuber)

Source Link Thermo Fisher reports drop in quarterly profit

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Tajammul Pangarkar

Tajammul Pangarkar

Tajammul Pangarkar is a CMO at Prudour Pvt Ltd. Tajammul longstanding experience in the fields of mobile technology and industry research is often reflected in his insightful body of work. His interest lies in understanding tech trends, dissecting mobile applications, and raising general awareness of technical know-how. He frequently contributes to numerous industry-specific magazines and forums. When he’s not ruminating about various happenings in the tech world, he can usually be found indulging in his next favorite interest - table tennis.

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