PerkinElmer Reports Q2 EPS In Line

(RTTNews) - PerkinElmer, Inc. (PKI) reported net income for the second quarter of $50.5 million or $0.44 per share, compared to $27.9 million or $0.25 per share for the year-ago quarter.

Income from continuing operations for the second quarter was $52.0 million or $0.46 per share, compared to $27.3 million or $0.24 per share in the prior year quarter.

Adjusted earnings per share for the second quarter was $0.59, compared to $0.51 in the second quarter of 2013.

Revenue in the second quarter grew to $556.2 million from $540.7 million a year ago, while adjusted revenue rose to $556.6 million from $544.5 million last year.

Analysts polled by Thomson Reuters expected the company to earn $0.59 per share on revenue of $571.77 million for the second quarter. Analysts' estimates typically exclude special items.

For the full year 2014, the company forecasts organic revenue to increase in the mid-single digit range relative to 2013. For the full year 2014, the company now forecasts earnings per share from continuing operations in the range of $1.89 to $1.93 and reiterates adjusted earnings per share in the range of $2.42 to $2.46. Analysts currently expect the company to earn $2.46 per share for the full year 2014.