Revvity, Inc. (RVTY) has reported a significant increase in its fourth-quarter profits, surpassing analysts' expectations. The company's net income reached $94.65 million, translating to earnings of $0.78 per share, compared to $78.56 million, or $0.64 per share, in the same quarter of the previous year.
On an adjusted basis, which excludes certain items, Revvity's earnings were $1.42 per share for the quarter. Market analysts had predicted earnings of $1.38 per share, typically excluding special items.
In terms of revenue, the company experienced a growth of 4.8%, with total revenue climbing to $729.37 million from $695.90 million in the prior year.
Key financial results for Revvity, Inc. under Generally Accepted Accounting Principles (GAAP) are as follows:
- Earnings: $94.65 million, compared to $78.56 million last year.
- Earnings per Share (EPS): $0.78, versus $0.64 last year.
- Revenue: $729.37 million, up from $695.90 million last year.
