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Home Industry News PerkinElmer reports strong growth in first quarter of 2017

PerkinElmer reports strong growth in first quarter of 2017

9th May 2017

PerkinElmer has announced its financial results for the first quarter of 2017, during which it generated a revenue total of $514 million (396.96 million pounds).

This represents a year-on-year increase of three percent, or a four percent rise in organic terms. Adjusted earnings per share came to $0.55, up from $0.50 in the first quarter of 2016.

Both the diagnostics and discovery and analytical solutions divisions of PerkinElmer experienced year-on-year growth during the quarter, which the company attributed to recent successful product launches and improved operational execution.

Robert Friel, chairman and chief executive officer of PerkinElmer, said: "We believe these efforts, coupled with our leading positions in attractive market segments, will allow us to deliver on our commitments in 2017 and beyond."

For the full year 2017, the company has raised its financial guidance, and is now forecasting GAAP earnings per share from continuing operations in the range of $2.16 to $2.26.

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