Investing.com - PerkinElmer (NYSE:PKI) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
PerkinElmer announced earnings per share of $0.67 on revenue of $652.6M. Analysts polled by Investing.com anticipated EPS of $0.57 on revenue of $653.75M. That with comparison to EPS of $0.69 on revenue of $648.9M in the same period a year before.PerkinElmer had reported EPS of $1.35 on revenue of $805.69M in the previous quarter.Analysts are expecting EPS of $0.78 and revenue of $675.25M in the upcoming quarter.
PerkinElmer shares are down 6% from the beginning of the year and are trading at $90.41 , down-from-52-week-high.They are outperforming the S&P 500 which is down 11.6% year to date.
PerkinElmer follows other major Technology sector earnings this month
PerkinElmer's report follows an earnings beat by Microsoft on Wednesday, April 29, 2020, who reported EPS of $1.4 on revenue of $35.02B, compared to forecasts EPS of $1.27 on revenue of $33.76B.
Apple had beat expectations on Thursday with second quarter EPS of $2.55 on revenue of $58.31B, compared to forecast for EPS of $2.24 on revenue of $54.78B.
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