WALTHAM, Mass. – On Thursday morning, Thermo Fisher Scientific, which has a laboratory in Center Valley as well as an Allentown location, reported better-than-expected first quarter sales and profit results.

The company’s stock immediately fell by over 10%.

Puzzling results like this are not uncommon in the stock market. Keep in mind that over the last decade passively managed index funds have outperformed actively managed funds. One could conclude that Wall Street doesn’t always get it right.

One reason, as reported by Yahoo Finance, that analysts are not optimistic about Thermo Fisher’s long-term…