Thermo Fisher falls after earnings top estimates, but growth concerns persist

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Thermo Fisher Scientific’s shares fell over 7.5% despite beating first-quarter earnings estimates, as investors focused on modest underlying organic growth and a cautious outlook. While adjusted earnings per share and revenue both exceeded expectations, acquisitions drove a significant portion of the revenue increase, with organic growth at only 1%. The company raised its full-year revenue outlook but it remains slightly below consensus estimates, contributing to investor concerns about future growth.

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