PerkinElmer Announces Financial Results for the First Quarter of 2016

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PerkinElmer (PKI) PT Raised to $56 at Mizuho

May 6, 2016 7:24 AM EDT

Mizuho Securities analyst Eric Criscuolo reiterated a Buy rating and bumped his price target on PerkinElmer (NYSE: PKI) to $56.00 (from $52.00) following Q1 top and bottom line beat and raised guidance.

Criscuolo commented, "PKI beat consensus estimates and raised guidance. Op margins significantly outperformed... More

PerkinElmer (PKI) Tops Q1 EPS by 5c, Raises FY EPS Guidance

May 5, 2016 4:31 PM EDT

PerkinElmer (NYSE: PKI) reported Q1 EPS of $0.56, $0.05 better than the analyst estimate of $0.51. Revenue for the quarter came in at $539 million versus the consensus estimate of $532.73 million.

GUIDANCE:

PerkinElmer sees FY2016 EPS of $2.75-$2.85, versus the consensus of $2.71.

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

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