Thermo Fisher Closes FEI Acquisition Earlier Than Expected; Q3 Results in Line
Thermo Fisher Scientific raised its full-year guidance following earlier-than-expected closing of the FEI acquisition. Once adjusted for FEI's $370 million contribution to the revenue line in 2016, the firm's numbers are in line with our previous estimates. While we will adjust our 2016 results, this isn't likely to move the needle on our fair value estimate. Shares are fairly valued at current levels. We maintain our narrow moat rating for the firm.ÂAll segments posted as-expected constant-cur...
Thermo Fisher Scientific is engaged in serving science. The company's segments include: Life Sciences Solutions, which provides reagents, instruments and consumables used in biological and medical research, discovery and production of new drugs and vaccines as well as diagnosis of disease; Analytical Instruments, which provides instruments, consumables, software and services that are used for a range of applications in the laboratory, on the production line and in the field; and Specialty Diagnostics, which provides diagnostic test kits, reagents, culture media, instruments and associated products for customers in healthcare, clinical, pharmaceutical, industrial, and food safety laboratories.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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