Thermo Fisher withdraws 2020 annual guidance

2019 11 08 01 30 1068 Thermo Fisher Amp 2019 V3 400

Thermo Fisher Scientific has withdrawn the 2020 annual guidance it released in January due to the COVID-19 pandemic.

As the pandemic has spread from China around the world, Thermo Fisher has experienced a reduction in its sales, and the crisis makes the company unable to "reasonably estimate its annual financial performance," although it continues to believe that its "long-term prospects remain excellent," it said.

The company estimated that its first-quarter (end-March 28) revenue growth will range from 1% to 2%.

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