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Thermo Fisher reports drop in quarterly profit -Breaking

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© Reuters. FILEPHOTO: A Scientist researcher wears protective gear as he controls the air quality at Thermo Fisher’s lab, which was once Novasep. The plant produces COVID-19 vaccines to AstraZeneca (Seneffe), Belgium. February 10, 2021. REUTERS/Yves Herman

(Reuters) – Thermo Fisher Scientific Inc. (NYSE:), reported a 1.6% drop in its quarterly profit Wednesday due to a steep rise in expenses. For the quarter ending Oct. 2, net income decreased to $1.90 Billion or $4.79 per Share, from $1.93Billion or $4.84 a year prior.

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