Thermo Fisher Scientific (TMO -9.9%) takes a hit after posting an in-line Q3, but net income...

|About: Thermo Fisher Scientific Inc. (TMO)|By:, SA News Editor

Thermo Fisher Scientific (TMO -9.9%) takes a hit after posting an in-line Q3, but net income declined compared to the year-ago period, putting an end to four straight quarters of consistent Y/Y gains. Earnings slipped 1.2% as higher costs weakened margins and offset revenue growth. The company lowers FY11 EPS guidance, saying the current quarter will "continue to be challenging for the balance of the year."