Revvity Q2 Adjusted EPS $1.21 Beats $1.18 Estimate, Sales $709.07M Beat $705.15M Estimate
Portfolio Pulse from Benzinga Newsdesk
Revvity (NYSE:RVTY) reported Q2 earnings of $1.21 per share, beating the analyst consensus estimate of $1.18 by 2.54%. However, this is a 38.89% decrease from the same period last year. The company also reported quarterly sales of $709.07 million, beating the estimate of $705.15 million by 0.56%, but this is a 20.83% decrease from the same period last year.
August 01, 2023 | 10:06 am
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Revvity's Q2 earnings and sales beat estimates but are significantly lower than the same period last year.
Revvity's earnings and sales beat estimates, which is positive. However, the significant decrease from the same period last year could be a concern for investors, potentially leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100