Revvity Beats Q1 Expectations, But Trims Full-Year Guidance

Revvity, formerly PerkinElmer, reported robust Q1 earnings, surpassing Wall Street expectations with a 7% revenue increase and a 4.5% beat on adjusted EPS. Organic growth of 3% and adjusted EBITDA of $189.7M also impressed. However, the company lowered full-year revenue guidance by 5%, causing a stock dip. Despite strong execution, margins suffered, and analysts predict modest revenue growth. Revvity faces efficiency challenges as it navigates a mixed path forward. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/df8c401470548283