TMO Stock Jumps 2% in Pre-Market, Thermo Fisher Reports Strong Q4 Results
Feb 1 2021 · 13:25 UTC | Updated
Feb 1 2021 · 13:36 by Steve Muchoki · 2 min read
Photo: Thermo Fisher Scientific
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According to a press release on its earnings result, Thermo Fisher revenue grew by approximately 54% in the fourth quarter to $10.55 billion.
Thermo Fisher Scientific Inc (NYSE: TMO) has reported its Q4 and full-year 2020 results. Having experienced an increased demand for its products, Thermo Fisher saw its revenue spike significantly resulting in increased volatility in its stock market.
Notably, Thermo Fisher stock closed Friday trading at $509.70, up 2.66%. Meanwhile, they were up approximately 1.82% in pre-market to trade around $517.12.