UPDATE: PerkinElmer Q2 Profit Up 13%

PerkinElmer

reported a 13% rise in its second-quarter earnings. PerkinElmer's quarterly profit surged to $33.6 million, or $0.29 per share, versus $29.8 million, or $0.26 per share, in the year-ago period. Excluding other items, PerkinElmer earned $0.53 per share. In April, the company expected earnings of $0.47 to $0.49 per share. Its revenue climbed 8.9% to $521.8 million. However, analysts were expecting revenue of $537 million. Its gross margin climbed to 45.8% from 43.7%. PerkinElmer shares closed at $24.83 yesterday.