PerkinElmer Q2 adjusted earnings Inline With Estimates

(RTTNews) - PerkinElmer (PKI) reported earnings for its second quarter that rose from last year.

The company's bottom line came in at $69.09 million, or $0.62 per share. This compares with $64.06 million, or $0.57 per share, in last year's second quarter.

Excluding items, PerkinElmer reported adjusted earnings of $146.0 million or $1.00 per share for the period.

Analysts had expected the company to earn $1.00 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.7% to $722.7 million from $703.6 million last year.

PerkinElmer earnings at a glance:

-Earnings (Q2): $146.0 Mln. vs. $138.3 Mln. last year. -EPS (Q2): $1.00 vs. $0.91 last year. -Analysts Estimate: $1.00 -Revenue (Q2): $722.7 Mln vs. $703.6 Mln last year.

-Guidance: Full year EPS guidance: $4.02 to $4.07