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Jul 02, 2023
Revvity Q2 2023 Earnings Report
Revvity reported a decrease in revenue and earnings per share for Q2 2023, but highlighted significant innovation and resilience following the new brand launch.
Key Takeaways
Revvity's Q2 2023 results showed a decrease in revenue to $709 million compared to $896 million in the same period last year. GAAP EPS was reported at $0.28, down from $1.42 year-over-year, while adjusted EPS from continuing operations was $1.21, compared to $1.98 in the previous year. The company is updating its full-year 2023 guidance, expecting revenue between $2.80-$2.85 billion and adjusted EPS between $4.70-$4.90.
Revvity's Q2 2023 revenue was $709 million, a decrease compared to $896 million in Q2 2022.
GAAP EPS was $0.28, a decrease from $1.42 in the same quarter last year.
Adjusted EPS from continuing operations was $1.21, down from $1.98 year-over-year.
The company updated its full-year 2023 guidance, anticipating revenue of $2.80-$2.85 billion and adjusted EPS of $4.70-$4.90.
Revenue by Segment
Forward Guidance
For the full year 2023, Revvity now forecasts total revenue of $2.80-$2.85 billion and adjusted earnings per share of $4.70-$4.90. This guidance assumes no additional contribution from COVID related revenues.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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