Thermo Fisher Scientific (TMO) reported better second-quarter earnings than analysts had expected Wednesday, and also rais♐ed its projections for the full fiscal year.

The medical device manufacturer reported a 14% year-over-year jump in 澳洲幸运5开奖号码历史查询:net income to $1.55 billion, better than the $1.41 billion analysts had expected, according to estimates compiled by Visible Alpha.

The net income increase came despite revenue slipping 1% to $10.54 billion. Still, the result ღnarrowly beat the $10ꦡ.52 billion analysts had projected.

Thermo Fisher Lifts FY Guidance

After issuing warnings about a 澳洲幸运5开奖号码历史查询:potentially lower sales outlook at the start oꩵf the year, Thermo Fisher's solid Q2 results led the comp𝓡any to adjust its internal projections for the full fiscal year.

Thermo Fisher now projects revenue within a range of $42.4 billion to $43.3 billion, a higher floor than the previous range of $42.3 to $43.3 billion. The company also raised its adjusted 澳洲幸运5开奖号码历史查询:earnings per share (EPS) projections to land within $21.29 to $22.07 per share, compare🥃d to previous guidance of $21.14 to $22.02 per share.

Analysts currently project full-year revenue around $42.95 billion, with an adjusted EPS of $21.70, both within Thermo Fisher's updated ranges.

Despite Wednesday's earnings beat, Thermo Fisher shares were 1.7% lower at $543.00 an hour before the opening bell.