PerkinElmer third quarter profit rises; narrows 2013 forecast

Reuters

Oct 30 (Reuters) - PerkinElmer Inc on Wednesdayreported slightly higher-than-expected third quarter profit andthe scientific instruments maker narrowed its full-year earningsforecast range, lowering the top end by 3 cents.

PerkinElmer said it now expects adjusted 2013 earnings of$2.04 to $2.07 per share, tightening its prior view of $2.03 to$2.10 per share.

PerkinElmer, which also sells medical diagnostic equipmentand environmental safety monitoring products, posted a netprofit from continuing operations of $40.3 million, or 36 centsper share, compared with a profit of $29.6 million, or 25 centsper share a year ago.

Excluding special items, the company had adjusted earningsof 49 cents per share. Analysts on average expected 48 cents pershare, according to Thomson Reuters I/B/E/S.

Revenue for the quarter rose 3 percent to $524.3 million,slightly ahead of Wall Street estimates of $523.8 million.

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