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Stock impact report

Thermo Fisher Scientific: Ammo For The COVID-19 War [Seeking Alpha]

Thermo Fisher Scientific Inc (TMO) 
Last thermo fisher scientific inc earnings: 4/22 06:00 am Check Earnings Report
Company Research Source: Seeking Alpha
SummaryThermo Fisher only modestly underperformed company guidance in Q1 as its products for testing and researching COVID-19 helped offset reduced demand from shutdowns.China was the key driver of these results in Q1 and provides a template for how the rest of the world will look in Q2.Thermo traded within 1.5% of its all-time high after its earnings call. Given the mix of headwinds and tailwinds from COVID, the company once again looks fairly valued.IntroductionThermo Fisher Scientific (NYSE:TMOQ1 2020 earningsslide deckconference callThermo Fisher grew sales by 2% in Q1 2020 compared to Q1 2019, which was 3% below its original 2020 guidance of 5% revenue growth. (The company withdrew guidance earlier in April.) The company saw a 3% tailwind from COVID-19 related demand, offset by a 6% headwind from shutdown-related demand loss. In Q1, this was predominantly in China which was down 25% in sales. Looking ahead, Thermo now expects Q2 sales growth to be in a range of flat to down 15%. Show less Read more
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