Revvity, Inc. (RVTY) has announced its second-quarter earnings, revealing a notable year-over-year increase and surpassing Wall Street forecasts.
The company posted a net income of $55.36 million, or $0.45 per share, compared to $35.56 million, or $0.28 per share, in the same quarter last year.
On an adjusted basis, excluding special items, Revvity, Inc. reported earnings of $1.22 per share for the period.
According to data compiled by Thomson Reuters, analysts had anticipated earnings of $1.12 per share, usually excluding special items.
However, the revenue for the quarter experienced a decline of 2.5%, falling to $691.69 million from $709.07 million in the previous year.
Here is a summary of Revvity, Inc.'s second-quarter performance based on Generally Accepted Accounting Principles (GAAP):
- **Earnings (Q2):** $55.36 million, compared to $35.56 million last year.
- **Earnings Per Share (EPS, Q2):** $0.45, up from $0.28 last year.
- **Revenue (Q2):** $691.69 million, down from $709.07 million last year.
**Guidance:**
- **Full Year EPS Guidance:** $4.70 - $4.80
- **Full Year Revenue Guidance:** $2.77 - $2.79 billion
