We maintain our Neutral rating on PerkinElmer (NYSE:PKI) based on its first quarter results and lack of direction. Its first quarter earnings per share of 43 cents surpassed the Zacks Consensus Estimate of 41 cents.
Net income from continuing operations was $22.1 million, or 19 cents per share, in the first quarter versus net income of $27.3 million, or 24 cents per share in the prior-year quarter. The results for the reported quarter include non-cash expenses pertaining to takeovers in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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