PerkinElmer (PKI) Tops Q2 EPS by 69c, Revenues Beat; Offers 3Q EPS Guidance Above Consensus

PerkinElmer (NYSE: PKI) reported Q2 EPS of $1.57, $0.69 better than the analyst estimate of $0.88. Revenue for the quarter came in at $811.7 million versus the consensus estimate of $726.35 million.

• Revenue of $811.7 million; 12% reported growth; 13% organic growth
• GAAP EPS from continuing operations of $1.23; Adjusted EPS of $1.57

“I could not be more proud of how we at PerkinElmer have met the obstacles that have faced us the past few months. We have proven to be a resilient, responsive, and agile organization,” said Prahlad Singh, president and chief executive officer of PerkinElmer. “Our strong second quarter results were truly a team effort and further reinforce the diversity of our business from a portfolio and geographic standpoint.”

GUIDANCE:

PerkinElmer sees Q3 2020 EPS of $1.18-$1.53, versus the consensus of $1.11.

For earnings history and earnings-related data on PerkinElmer (PKI) click here.

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