Thermo Fisher Lifts Annual Forecast on Boost From COVID-19-Related Sales

Thermo Fisher Lifts Annual Forecast on Boost From COVID-19-Related Sales
Test tubes labelled "COVID-19 Test positive" are seen in this illustration picture taken on March 10, 2021. Dado Ruvic/Illustration/Reuters
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Thermo Fisher Scientific Inc. on Wednesday reported better-than-expected quarterly profit and raised its full-year forecast for revenue as well as earnings, fuelled by strong COVID-19 related sales and recovery in its mainstay business.

Shares of the world’s largest maker of scientific instruments rose nearly 3 percent to touch a record high of $625.99 after it also raised its outlook for next year.