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PerkinElmer Sees Q3 Adj. EPS To Exceed Prior Guidance
(RTTNews) - PerkinElmer, Inc. (PKI) announced Monday that it anticipates organic revenue growth, non-COVID organic revenue growth, and adjusted earnings per share for the third quarter to exceed its prior guidance.
Total revenue is expected to be near the high end of the range of prior guidance due to larger than expected headwinds from foreign exchange.
For the third quarter, the company had expected adjusted earnings in the range of $1.40 to $1.45 per share on revenues between $1.02 billion and $1.03 billion.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.44 per share on revenues of $1.01 billion for the quarter. Analysts' estimates typically exclude special items.
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PerkinElmer Boosts FY22 Adj. EPS Outlook As Q3 Results Top Estimates
While reporting financial results for the third quarter on Tuesday, healthcare company PerkinElmer, Inc. (PKI) raised its adjusted earnings, while trimming pro forma revenue guidance for the full-year 2022. The company also provided outlook for the fourth quarter.
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Australian Market Trims Early Losses In Mid-market
The Australian stock market is trimming its early losses in mid-market trading on Monday, extending the slight losses in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying below the 8,600.00 level, with weakness in technology and financial stocks partially offset by gains in gold miners and energy stocks.
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Thai Stock Market May Hand Back Friday's Gains
The Thai stock market on Friday snapped the two-day slide in which it had stumbled more than a dozen points or 1 percent. The Stock Exchange of Thailand now sits just above the 1,120-point plateau although it may head south again on Monday.
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Japanese Market Modestly Lower
The Japanese stock market is trading modestly lower on Monday, extending the losses in the previous two sessions, following the broadly negative cues from Wall Street on Friday, with the Nikkei 225 falling well below the 39,500 level, with weakness across most sectors led by financial and technology stocks.
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Indonesia Stock Market Due For Consolidation
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2h 19min ago
Hong Kong Shares May Open Under Pressure
The Hong Kong stock market has moved higher in two straight trading days, collecting almost 250 points or 1 percent along the way. The Hang Seng Index now sits just beneath the 24,140-point plateau although it may spin its wheels on Monday.
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