What happened to TMO

m303 said: "Any one know why Thermo Fischer Scientific Inc. (TMO) is down today? They beat earnings this morning by $0.02 and guided up for year end earnings."

cwms said: "I learned long ago that there is often no rhyme or reason why a stock goes up or down. You see on the news where a company announces really good news and the stock price goes down. They announce really bad news and the price goes up. Go figure."

ratAphooey said: "Many companies sell off on earnings day no matter what. [I] Buy on the rumor and sell on the news.[/I]"

Harry said: "[QUOTE=m303;67973]Any one know why Thermo Fischer Scientific Inc. (TMO) is down today? They beat earnings this morning by $0.02 and guided up for year end earnings.[/QUOTE] I read the conference call transcipt looking for a smoking gun but couldn't find one. [B]Thermo Fisher Scientific, Inc. Q1 2008 Earnings Call Transcript[/B] [url]http://seekingalpha.com/article/73867-thermo-fisher-scientific-inc-q1-2008-earnings-call-transcript?source=yahoo[/url] The only variables that can impact the earnings of future quarters are a change in "favorable currency translation" or higher commodity costs. Personally I see currency translation being less favorable but I think this will be offset my lower commodity prices as our dollar creeps up from it's pit. One thing that caught my eye was their $3 MRSA test. MRSA testing is a HUGE, GIANT, MONSTEROUS priority in hospitals this year. This cheap test that TMO offers is more important than ya night think. Hospitals are waging war of MRSA transmission. Perventing it's spread shortens hospital stays and shored up profits. Thank you for posting this jewel. I would have never looked at it otherwise."

Harry said: "I picked up some TMO today! :th_dblthumb2:"