Fisher reports healthy sales
Hampton-based Fisher Scientific reported higher-than-expected quarterly sales and earnings at the close of the market on Tuesday, causing its stock to jump more than 7 percent.
The firm – which specializes in health and laboratory equipment — reported $1.4 billion in sales for the third quarter (which ended Sept. 30), a 12.7 percent increase compared to the same quarter last year. The company more than doubled its net quarterly income to $93.5 million, or 74 cents per diluted share. So far this year, Fisher Scientific has earned $271.9 million, compared to $115.4 million compared for first three quarters of 2004.
As a result, the company expects to exceed its maximum projection of earnings per share ($3.52) in 2005 and projects $4.05 EPS in 2006. – NHBR STAFF