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