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PerkinElmer Q1 adjusted earnings Beat Estimates

PerkinElmer (PKI) reported a profit for first quarter that dropped from the same period last year.

The company's profit came in at $33.67 million, or $0.30 per share. This compares with $35.42 million, or $0.32 per share, in last year's first quarter.

Analysts had expected the company to earn $0.55 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.6% to $652.6 million from $648.9 million last year.

PerkinElmer earnings at a glance:

-EPS (Q1): $0.67 vs. $0.69 last year.
-Analysts Estimate: $0.55
-Revenue (Q1): $652.6 Mln vs. $648.9 Mln last year.

Next quarter EPS guidance: $0.65

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