PerkinElmer Q2 adjusted earnings Beat Estimates

(RTTNews) - PerkinElmer (PKI) reported earnings for second quarter that dropped from the same period last year.

The company's profit came in at $64.06 million, or $0.57 per share. This compares with $204.07 million, or $1.84 per share, in last year's second quarter.

Analysts had expected the company to earn $0.86 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 28.6% to $703.36 million from $546.96 million last year.

PerkinElmer earnings at a glance:

-EPS (Q2): $0.91 vs. $0.67 last year. -Analysts Estimate: $0.86 -Revenue (Q2): $703.36 Mln vs. $546.96 Mln last year.

-Guidance: Full year EPS guidance: $3.60