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Home » UPDATE 1-Thermo Fisher forecasts 2024 profit below estimates on biotech demand slump

UPDATE 1-Thermo Fisher forecasts 2024 profit below estimates on biotech demand slump

    Medical equipment maker Thermo Fisher Scientific Inc on Wednesday forecast annual profit below Wall Street estimates, as it expects that a slump in demand for its services used to make therapeutics and vaccines to continue this year. The company forecast an adjusted profit between $20.95 and $22.00 per share for 2024. Analysts on average were expecting a profit of $22.04 per share in the year, according to LSEG data.

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