Investing.com - PerkinElmer reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
PerkinElmer announced earnings per share of $2.41 on revenue of $1.26B. Analysts polled by Investing.com anticipated EPS of $2.11 on revenue of $1.19B.
PerkinElmer shares are down 36% from the beginning of the year and are trading at $153.24 , down-from-52-week-high.They are under-performing the S&P 500 which is down 12.39% from the start of the year.
PerkinElmer shares gained 0.25% in after-hours trade the report.
PerkinElmer follows other major Healthcare sector earnings this month
PerkinElmer's report follows an earnings beat by UnitedHealth on April 14, who reported EPS of $5.49 on revenue of $80.15B, compared to forecasts EPS of $5.36 on revenue of $78.73B.
J&J had beat expectations on April 19 with first quarter EPS of $2.67 on revenue of $23.43B, compared to forecast for EPS of $2.59 on revenue of $23.62B.
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