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PKI - PerkinElmer guides Q4 results much above consensus
PerkinElmer Inc.
PerkinElmer (PKI) expects Q4 revenue growth of ~66% vs. consensus of 45.86%, organic revenue growth of ~63%, GAAP EPS of at least $2.88 and adjusted EPS of at least $3.60 vs. consensus of $2.85. The growth is driven by better-than-expected demand for company’s full-suite of COVID-19 and non-COVID-19 solutions, which contributed ~$535M of revenue and the non-COVID-19 portfolio declined ~3% organically for the quarter. Q4 results will be out on February 2, after market opens.Shares up 1.22% premarket.