PerkinElmer Q1 Profit From Cont. Ops. Rises - Quick Facts

(RTTNews) - PerkinElmer Inc. (PKI) reported first-quarter income from continuing operations of $40.3 million or $0.36 per share, compared to $35.0 million or $0.31 per share, prior year. Adjusted earnings per share was $0.50, for the quarter.

On average, 18 analysts polled by Thomson Reuters expected the company to report profit per share of $0.46 for the quarter. Analysts' estimates typically exclude special items.

Revenue decreased to $526.9 million from $530.6 million last year. Adjusted revenue for the quarter was $527.2 million, as compared to $532.1 million in the first quarter of 2014. Analysts expected revenue of $537.88 million for the quarter.

For the full year 2015, the company now forecasts GAAP earnings per share from continuing operations in the range of $2.06 to $2.12 and updates on a non-GAAP basis adjusted earnings per share of $2.54 to $2.60. Analysts expect the company to report fiscal 2015 earnings per share of $2.60.