WALTHAM, Mass. (AP) — WALTHAM, Mass. (AP) — Revvity, Inc. (RVTY) on Tuesday reported second-quarter net income of $35.6 million.
The Waltham, Massachusetts-based company said it had net income of 28 cents per share. Earnings, adjusted for one-time gains and costs, were $1.21 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share.
The maker of scientific instruments posted revenue of $709.1 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $705.2 million.
Revvity expects full-year earnings in the range of $4.70 to $4.90 per share, with revenue in the range of $2.8 billion to $2.85 billion.
Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.