- Thermo Fisher Scientific Inc (NYSE:TMO) provided initial revenue and earnings guidance for 2022 while reiterating previously disclosed financial guidance for full-year 2021.
- Related: Thermo Fisher’s Q2 Earnings Beat Expectations; Raises FY21 Outlook.
- The Company said it anticipates total revenues of $40.3 billion for next year, a 12% increase over its $35.9 billion in revenues expected for 2021.
- Adjusted earnings per share are expected to be $21.16. Wall Street analysts, on average, were projecting $34.3 billion in 2022 revenues and EPS of $19.68.
- Price Action: TMO shares are up 8.06% at $605.61 during the market session on the last check Friday.
BofA Bullish On EV Battery Value Chain, But Not US-Listed Lithium Stocks
Electric vehicle stocks have been some of the hottest investments in the market in the past couple of years as investors anticipate a multi-decade boom in EV sales. Bank of America analyst Joon-Ho Lee said Friday he's also bullish on stocks with exposure to the EV battery value chain.
