Investing.com - PerkinElmer (NYSE:PKI) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
PerkinElmer announced earnings per share of $1.57 on revenue of $811.7M. Analysts polled by Investing.com anticipated EPS of $0.78 on revenue of $699.17M.
PerkinElmer shares are up 16% from the beginning of the year , still down 2.38% from its 52 week high of $115.80 set on July 28. They are outperforming the S&P 500 which is down 0.38% from the start of the year.
PerkinElmer follows other major Technology sector earnings this month
PerkinElmer's report follows an earnings beat by Microsoft on July 22, who reported EPS of $1.46 on revenue of $38.03B, compared to forecasts EPS of $1.34 on revenue of $36.54B.
Taiwan Semiconductor had beat expectations on July 15 with second quarter EPS of $0.79 on revenue of $10.55B, compared to forecast for EPS of $0.72 on revenue of $10.38B.
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