PKI News and Press, PerkinElmer Inc. From 08/02/22

Following an earnings-led rally yesterday, the shares of life sciences company PerkinElmer, Inc. ( NYSE: PKI ) traded lower in the morning hours Tuesday after Bank of America downgraded the stock to Neutral from Buy citing limited upside potential. However, the analyst Der...

PerkinElmer posted its Q2 earnings with a solid set of results that prompted an upward revision of FY22 guidance. Also announced was New Mountain Capital's intention to buy a carve-out of businesses from PKI on a $2.45 billion consideration. The transaction could be accretive to P...

Analyst commentary stirred trading in Monday's midday action. This included Target ( TGT ), which gained ground following an upgrade from Wells Fargo. Meanwhile, AbbVie ( NYSE: ABBV ) dipped after receiving an analyst's downgrade. Elsewhere, deal-making represented another n...

PerkinElmer's Applied, Food and Enterprise Services businesses, a carve-out from the Discovery & Analytical Solutions segment of PerkinElmer ( NYSE: PKI ) has signed an acquisition agreement with growth-oriented investment firm, New Mountain Capital wherein the latter...

PerkinElmer press release ( NYSE: PKI ): Q2 Non-GAAP EPS of $2.42 beats by $0.41 . Revenue of $1.23B (flat Y/Y) beats by $30M . Initiates Third Quarter and Raises Full Year 2022 Guidance: For the third quarter of 2022, the Company forecasts revenue of...

New Mountain Capital, a growth-oriented investment firm with over $37 billion in assets under management, today announced that it has entered into a definitive agreement with the intention to acquire PerkinElmer’s Applied, Food and Enterprise Services businesses, a carve-out from...

Signs agreement with the intention to divest Applied, Food, and Enterprise Services businesses Second quarter revenue of $1.23 billion; 0% reported growth, 8% non-COVID organic growth Second quarter GAAP EPS from continuing operations of $1.42; adjusted EPS of $2...

Enters agreement with intention to divest Applied, Food and Enterprise Services businesses PerkinElmer, Inc . (NYSE: PKI), a global leader committed to innovating for a healthier world, today announced it has entered into an agreement with the intention to divest its App...

PerkinElmer, Inc. (NYSE:PKI), a global leader committed to innovating for a healthier world, today announced that Dr. Michelle McMurry-Heath has been elected to its board of directors, effective July 22, 2022. “I am pleased to welcome Michelle to PerkinElmer’s board an...

Although the healthcare sector has largely resisted this year's downward pressure, it is likely to succumb as pressure increases. Healthcare stocks have a well-deserved reputation for cyclical defense, but they are more likely to underperform in "secular" bear markets. Healthcare ...