Revvity, Inc. (RVTY) has updated its revenue guidance for the full year 2024 to a range of $2.77 to $2.79 billion, taking into account recent fluctuations in foreign currency exchange rates and projecting a 2% growth in organic revenue. The company has also raised its adjusted earnings per share (EPS) guidance to a range of $4.70 to $4.80.
For the second quarter, Revvity reported earnings of $55.36 million, or $0.45 per share, compared to $35.56 million, or $0.28 per share, in the same period last year. Adjusted EPS from continuing operations was $1.22, slightly up from $1.21 a year ago. This performance exceeded the average analysts' expectation of $1.12 per share, according to data compiled by Thomson Reuters. Analysts' estimates usually exclude special items.
Revenue for the quarter decreased by 2.5%, falling to $691.69 million from $709.07 million in the previous year.
