By Stephen Nakrosis
Thermo Fisher Scientific Inc. on Thursday said its board authorized a $4 billion repurchase of common stock.
The latest authorization has no expiration date, the maker of scientific equipment said.
In October, the company said it was expecting to execute a $1 billion share repurchase program throughout the fourth quarter.
Thermo Fisher has a market capitalization of $190.1 billion, 392.2 million shares outstanding and a public float of 391.31 million shares.
The company's stock ended Thursday's regular session with a 7.4% gain, closing at $520.58.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
11-10-22 1705ET