Samsara, Thermo Fisher Scientific And More: CNBC's 'Final Trades'

On CNBC’s "Halftime Report Final Trades," Karen Firestone of Aureus Asset Management said Thermo Fisher Scientific Inc. (NYSE: TMO) is coming back from its covid lows.

On Feb. 21, Thermo Fisher Scientific raised its quarterly dividend from 35 cents to 39 cents per share. On Jan. 31, Thermo Fisher Scientific posted a fourth-quarter revenue of $10.89 billion, down 5% year-on-year (Y/Y), beating the consensus of $10.73 billion. Adjusted EPS was $5.67 versus the consensus of $5.64 and $5.40 a year ago, below the consensus of $5.42.

Shannon Saccocia of NB Private Wealth named the iShares U.S. Real Estate ETF (NYSE: IYR) as her final trade.

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Josh Brown of Ritholtz Wealth Management said he likes Samsara Inc. (NYSE: IOT).

Samsara is expected to release its financial results for the fourth quarter of fiscal year 2024, which ended Feb. 3, 2024, after the closing bell on March 7, 2024. Analysts expect the company to report quarterly earnings at 3 cents per share, versus a year-ago loss of 2 cents per share. The company is projected to post quarterly revenue of $258.31 million, up from $186.58 million in the year-earlier period.

Price Action:

• Thermo Fisher Scientific shares fell 0.3% to close at $570.18 on Thursday.
• iShares U.S. Real Estate ETF rose 0.9% during Thursday’s session.
• Samsara rose 4% to close at $34.55 on Thursday.

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