Investing.com - PerkinElmer reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
PerkinElmer announced earnings per share of $2.83 on revenue of $1.23B. Analysts polled by Investing.com anticipated EPS of $2.44 on revenue of $1.12B.
PerkinElmer shares are up 14% from the beginning of the year and are trading at $160.00 , down-from-52-week-high.They are under-performing the S&P 500 which is up 17.46% from the start of the year.
PerkinElmer shares lost 2.64% in pre-market trade the report.
PerkinElmer follows other major Technology sector earnings this month
PerkinElmer's report follows an earnings missed by Taiwan Semiconductor on July 15, who reported EPS of $0.929 on revenue of $13.35B, compared to forecasts EPS of $0.9296 on revenue of $13.23B.
Intel had beat expectations on Thursday with second quarter EPS of $1.28 on revenue of $18.53B, compared to forecast for EPS of $1.07 on revenue of $17.81B.
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