Revvity's Q3 Adjusted Earnings, Revenue Rise; Updates 2024 Outlook

MT Newswires Live
2024-11-04

Revvity (RVTY) reported Q3 adjusted earnings Monday of $1.28 per diluted share, up from $1.18 a year earlier.

Analysts polled by Capital IQ expected $1.13.

Revenue for the quarter ended Sept. 29 was $684 million, up from $670.7 million a year earlier.

Analysts polled by Capital IQ expected $679.9 million.

For full-year 2024, the company raised its adjusted EPS guidance to now be between $4.83 and $4.87 from the prior outlook of between $4.70 and $4.80. Analysts polled by Capital IQ expect $4.75.

Meanwhile, revenue outlook for the year was lowered to be in the range of $2.75 billion to $2.77 billion from the prior outlook range of $2.77 billion to $2.79 billion. Analysts surveyed by Capital IQ expect $2.78 billion.

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