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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