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 2Q Profit Down 50% On Expenses; Raises Outlook

DOW JONES NEWSWIRES PerkinElmer Inc.'s (PKI) second-quarter earnings fell 50% on higher expenses and write-downs, masking double-digit sales growth in the human and environmental health segments. The company, which sells analytical products and services to the health-care and industrial sectors, raised its full-year earnings guidance to $1.64 to $1.68 from its previous view of $1.62 to $1.67 a share. PerkinElmer has posted strong revenue growth in recent quarters, especially in its environmental health and human-health divisions. The company has been on a buying spree of late, most recently acquiring X-ray detection technologies provider Dexela Ltd. in June and electronic laboratory notebook maker Labtronics Inc. in May. PerkinElmer posted a profit of $28.6 million, or 25 cents a share, down from $57.6 million, or 49 cents a share, a year earlier. Excluding write-downs and other items, earnings rose to 42 cents from 33 cents. Revenue rose 14% to $479.5 million. Analysts polled by Thomson Reuters had most recently forecast a profit of 40 cents a share on $478 million in revenue. Operating margin was edged down to 7.8% from 7.9%. Cost of sales increased 16% as overhead expenses rose 14%. Revenue in the human and environmental health divisions was up 11% and 14% respectively. Shares were down a penny to $21.38 in after-hours trading. As of the close, the stock is down 17% year-to-date. -By Nathalie Tadena, Dow Jones Newswires; 212-416-3287;

Stock News for Perkin Elmer (PKI)
08/01/201416:49:34MARKET SNAPSHOT: S&P 500 Suffers Largest Weekly Loss In 2 Years
08/01/201416:27:34MARKET SNAPSHOT: Dow Falls Friday, Suffers Largest Weekly Loss...
08/01/201415:28:50MARKET SNAPSHOT: Dow Falls Further, Faces Largest Weekly Loss...
08/01/201413:46:21MARKET SNAPSHOT: U.S. Stocks Drop Sharply On Rate-hike Fears
11/15/201308:55:37Highbridge Capital Management 3Q 13F: Largest Eliminations
11/15/201308:55:35Highbridge Capital Management 3Q 13F: Largest Purchases
11/15/201308:55:35Highbridge Capital Management 3Q 13F: Largest Sales
11/15/201308:55:35Highbridge Capital Management 3Q 13F: Largest -2-
04/26/201316:43:52MARKET SNAPSHOT: U.S. Stocks End Lower; H-P, Chevron Boost Dow
04/26/201315:47:11MARKET SNAPSHOT: S&P 500 Nearly Erases Losses As Apple Gains
04/26/201314:31:37MARKET SNAPSHOT: U.S. Stocks Fall After GDP Report; H-P Boosts...
04/26/201313:40:11MARKET SNAPSHOT: U.S. Stocks Fall After GDP Data; H-P Boosts...
04/26/201307:10:10U.S. Stock Futures Fall Before GDP
04/21/201200:20:37MARKET SNAPSHOT: U.S. Stock Gains Hinge On Apple, Blue-chip Results
10/07/201115:01:13Illumina Problems Cast Shadow Over Biotech Sector
08/04/201117:13:19PerkinElmer 2Q Profit Down 50% On Expenses; Raises Outlook
03/24/201109:56:01PerkinElmer Boosts Software Offerings In 2 Deals Valued At $220...
02/25/201112:38:49PerkinElmer Isn't For Sale, CEO Says; Shares Slide

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