Revvity: Q2 Earnings Snapshot

Associated Press Finance
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WALTHAM, Mass. (AP) — WALTHAM, Mass. (AP) — Revvity, Inc. (RVTY) on Monday reported second-quarter net income of $55.4 million.

The Waltham, Massachusetts-based company said it had profit of 45 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.22 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.

The maker of scientific instruments posted revenue of $691.7 million in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $694.4 million.

Revvity expects full-year earnings in the range of $4.70 to $4.80 per share, with revenue in the range of $2.77 billion to $2.79 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RVTY at https://www.zacks.com/ap/RVTY