Shares of Thermo Fisher Scientific surged Thursday after the life sciences titan beat Wall Street's fourth-quarter expectations.
Thermo Fisher sells tools for life sciences, health, industrial and pharma companies. During the three months ended Dec. 31, the company earned an adjusted $6.10 per share on $11.4 billion in sales. Sales rose 5% while earnings jumped 8%.
Analysts expected a lower $5.67 per share and $10.9 billion in sales, according to MarketSurge.
Thermo Fisher Scientific shares gapped up 6.8% to 606.74. Shares are forming a cup base with a buy point at 627.88.
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