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Medical research firm $TMO reported a decline in 4Q17 profit, owing to higher income tax provision. Earnings dropped to $528MM or $1.30 per share from $630MM or $1.59 per share in 4Q16. On an adjusted basis, earnings rose 16% to $2.79 per share. Revenues, meanwhile moved up 22% to $6.05BIl, helped by gains from acquisitions and favorable currency.
$DHR said it expects 1Q18 earnings per share to be in the range of $0.71 to $0.74. Adjusted earnings are estimated to be between $0.90 per share and $0.93 per share. For fiscal 2018, the company anticipates that GAAP earnings per share will be in the $3.50-$3.60 range, and non-GAAP earnings between $4.25 per share and $4.35 per share.
Technology firm $DHR reported strong growth in 4Q17 earnings as an upturn in sales more than offset higher taxes. Sales moved up 11% to $5Bil, resulting in a 13% increase in earnings to $1.21 per share. Non-GAAP earnings advanced 13% to $1.19 per share. Strong performance by the recently acquired businesses also contributed to the topline growth.
$ISRG reported a loss for 4Q17, impacted by the Tax Cuts and Jobs Act. Net loss for the quarter was $38.8MM or $0.35 per share compared to a net income of $204MM or $1.71 per share a year ago. Revenue surged 17.9% to $892.4MM, driven by increased procedures and systems placements. On an adjusted basis $ISRG earned $2.54 per share, up 25.1% YoY.
Waters' fourth quarter sales rose 9% to $687.3MM backed by strong performance from its pharma and government/academic markets. $WAT reported a loss of $4.44 per share, which includes a $550MM charge related to tax reforms. On a non-GAAP basis, EPS increased 14% to $2.51. Recurring revenues grew 12%, while instruments reported 7% sales growth.
$GE swung to a loss of $9.8Bil in 4Q17 from a profit in the year-over period, after incurring tax-related charges of $6.2Bil in its insurance arm, GE Capital. GAAP loss per share during the quarter stood at $1.13, while adjusted EPS fell 41% to 27 cents. Hurt by lower sales in power segment, revenue fell 5% to $31.4Bil.
$GE Transportation signed two contracts, valued at over $900MM, with Kazakhstan's state-run railroad Kazakhstan Temir Zholy, as part of its long-term commitment to develop the country's railway infrastructure. The contracts include the delivery of 300 shunter locomotives and an 18-year service agreement.