PerkinElmer Q2 Profit Down, Lifts FY13 Adj. Earnings Outlook - Quick Facts

(RTTNews) - PerkinElmer Inc. (PKI) Thursday reported second-quarter profit of $27.93 million or $0.25 per share, down from $33.63 million or $0.29 per share in the same period last year.

Net income from continuing operations dropped to $26.94 million or $0.24 per share from $33.57 or $0.29 per share in the same period last year.

Adjusted earnings for the quarter was $0.51 per share. On average, 15 analysts polled by Thomson Reuters expected the company to earn $0.48 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $543.3 million from $521.8 million last year. Analysts expected revenues of $532.95 million.

Looking ahead, the company currently projects full-year adjusted earnings in a range of $2.03 to $2.10 per share, up from its previous guidance range of $2.00 to $2.10 per share. Analysts currently expect full-year earnings of $2.05 per share.