![]() ![]() Second quarter turnover was flat YoY coming in at $1.23 billion at the top, ahead of consensus by ~$30 million. PerkinElmer's Q2 earnings momentum illustrates turning point We give a buy rating to shares, with a PT of $179-$180. ![]() For investors to make the most informed investment reasoning possible, we discuss the moving parts of the PKI investment debate. We believe this to be a key catalyst to move the needle and the company projects ~$2 billion in net earnings from the transaction. To add further validity to the company's fundamental momentum, it declared a $0.07 dividend and raised its FY22 guidance.Īside from that, PKI also advised today that it will sell its carved-out Applied, Food and Enterprise Services businesses off to an alternative asset manager for a $2.45 billion consideration. The company posted upsides from top to bottom and secured a strong non-GAAP set of results. ( NYSE: PKI)'s Q2 FY22 earnings this morning. ![]()
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