Thermo Fisher’s Q4 revenue dips due to ‘still muted’ market
Thermo Fisher announced on Wednesday its revenue declined in the fourth quarter of 2023 compared to the year prior. The Swedish company saw a “sequential pickup in orders” in Q4 compared to the third quarter, but “the underlying activity is still muted in the market,” CEO Marc Casper said on an investor call Wednesday morning.
Thermo Fisher’s stock $TMO was down by as much as 4% after the market opened Wednesday.
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