ADVFN - Advanced Financial Network.
HOME» NYSE » P » PKI Stock Price » PKI Stock News

Perkin Elmer Share News

 Perkinelmer, Inc. Stock Price
PKI Stock Price
 Perkinelmer, Inc. Stock Chart
PKI Stock Chart
 Perkinelmer, Inc. Stock News
PKI Stock News
 Perkinelmer, Inc. Company Information
PKI Company Information
 Perkinelmer, Inc. Stock Trades
PKI Stock Trades

PerkinElmer 3Q Profit Falls 1.5%; Co Boosts Full-Year View

DOW JONES NEWSWIRES PerkinElmer Inc.'s (PKI) third-quarter earnings fell 1.5% amid increased charges and losses from discontinued operations, though adjusted results increased and beat the company's forecasts as revenue jumped by double digits. PerkinElmer raised its 2010 earnings forecast to a range of $1.29 to $1.31 a share from $1.24 to $1.29. "Our double-digit organic revenue growth is a testament to the strength we are seeing across many of our end markets," said Chairman and Chief Executive Robert Friel. "We believe this momentum will continue into the fourth quarter." The company, which sells analytical products and services to the health-care and industrial sectors, has seen strong revenue growth lately, helped especially by its environmental health division. In August, the company said it had agreed to sell its illumination and detection solutions business to private-equity firm Veritas Capital for about $500 million, planning to use the proceeds for possible acquisitions and stock buybacks. PerkinElmer reported a profit of $13.4 million, or 11 cents a share, down from $13.6 million, or 12 cents a share, a year earlier. Excluding acquisition and other impacts, earnings rose to 31 cents from 27 cents. The company had predicted 27 cents to 29 cents. Revenue jumped 11% to $419.1 million. Analysts polled by Thomson Reuters had most recently forecast $402 million. Gross margin fell to 44.3% from 44.8%. Revenue in the company's human- and environmental-health divisions rose 8.6% and 14%, respectively. Shares fell 1.4% to $23.74 in light after-hours trading. As of the close, the stock had risen 17% this year. -By Nathan Becker, Dow Jones Newswires; 212-416-2855; Order free Annual Report for PerkinElmer, Inc. Visit or call 1-888-301-0513

Stock News for Perkin Elmer (PKI)
03/24/201516:06:36Statement of Changes in Beneficial Ownership (4)
03/23/201516:07:07Statement of Changes in Beneficial Ownership (4)
03/19/201516:08:35Statement of Changes in Beneficial Ownership (4)
03/11/201508:04:36Additional Proxy Soliciting Materials (definitive) (defa14a)
03/11/201508:02:20Proxy Statement (definitive) (def 14a)
03/09/201516:07:55Statement of Changes in Beneficial Ownership (4)
03/06/201516:08:30Statement of Changes in Beneficial Ownership (4)
03/06/201516:07:09Statement of Changes in Beneficial Ownership (4)
02/24/201516:05:00PerkinElmer to Present at Barclays Capital Global Healthcare...
02/24/201513:49:03Annual Report (10-k)
02/18/201516:05:00PerkinElmer to Present at Cowen and Company 35th Annual Health...
02/13/201516:03:45Amended Statement of Ownership (sc 13g/a)
02/13/201511:35:04Statement of Ownership (sc 13g)
02/11/201516:06:51Statement of Changes in Beneficial Ownership (4)
02/11/201512:30:45Amended Statement of Ownership (sc 13g/a)
02/10/201516:37:36Statement of Changes in Beneficial Ownership (4)
02/10/201516:25:27Statement of Changes in Beneficial Ownership (4)
02/10/201516:25:00Statement of Changes in Beneficial Ownership (4)
02/10/201516:24:28Statement of Changes in Beneficial Ownership (4)
02/10/201516:21:16Statement of Changes in Beneficial Ownership (4)

Perkin Elmer and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations