WASHINGTON (dpa-AFX) - PerkinElmer Inc. (PKI) reported first-quarter net income of $22.6 million or $0.20 per share, compared to $24.9 million or $0.22 per share last year. Net income from continuing operations for the quarter was $22.1 million or $0.19 per share, compared to $27.3 million or $0.24 per share in the prior year quarter.
On an adjusted basis, earnings for the quarter was $0.43 per share, compared to $0.35 per share in the comparable quarter last year. On average, twelve analysts polled by Thomson Reuters expected earnings of $0.41 per share for the quarter. Analysts' estimates typically exclude one-time items.
Revenues for the quarter grew to $510.89 million from $447.18 million last year, while eleven analysts estimated revenues of $510.35 million for the quarter.
Looking forward to full year 2012, the company forecasts GAAP earnings per share from continuing operations in the range of $1.27 to $1.32 and adjusted earnings per share in the range of $2.00 to $2.05.
Analyst currently expect earning of $2.03 per share for the full year 2012.
For the full year 2012, the company forecasts organic revenue to increase in the mid single digit range relative to 2011.
Earlier, the company had expected earnings in the range of $1.22 to $1.28 per share and adjusted earnings in the range of $1.98 to $2.04 per share.
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