Thermo Fisher Scientific Inc stock nudges higher as Franklin closure plan targets up to 80 layoffs
Thermo Fisher Scientific shares rose 0.7% to $582.94 midday after confirming it will wind down its Franklin, Massachusetts facility by late 2026, cutting up to 80 jobs, down from 103 initially planned. The company reported fourth-quarter revenue of $12.21 billion, up 7%, and adjusted earnings of $6.57 per share.