Investing.com - PerkinElmer (NYSE:PKI) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
PerkinElmer announced earnings per share of $3.96 on revenue of $1.36B. Analysts polled by Investing.com anticipated EPS of $2.95 on revenue of $1.21B.
PerkinElmer shares are down 2% from the beginning of the year, still down 7.02% from its 52 week high of $162.40 set on January 8. They are under-performing the S&P 500 which is up 1.83% from the start of the year.
PerkinElmer follows other major Technology sector earnings this month
PerkinElmer's report follows an earnings beat by Apple on January 27, who reported EPS of $1.68 on revenue of $111.44B, compared to forecasts EPS of $1.42 on revenue of $103.27B.
Microsoft had beat expectations on January 26 with second quarter EPS of $2.03 on revenue of $43.08B, compared to forecast for EPS of $1.64 on revenue of $40.22B.
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