PerkinElmer Inc. (PKI) reported first quarter adjusted EPS of $0.36 after the bell Thursday, down from $0.43 a year ago. The consensus estimate was for EPS of $0.48. Full year 2013 non-GAAP EPS is expected to be between $2.00 and $2.10, down from prior expectations of $2.24 to $2.32. The consensus estimate is for EPS of $2.29.
PerkinElmer gapped open sharply lower Friday, but was range-bound throughout the session. The stock finished down by 4.12 at $30.35 on the highest volume of the year. PerkinElmer sank to a 4 1/2 month low and dropped beneath its 200-day moving average.
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