Revvity Reports Q4 Earnings Surpass Estimates, Projects Steady Growth
Revvity, Inc. (RVTY) announced fourth-quarter net income of $94.6 million, translating to earnings per share (EPS) of $0.78. Adjusted for non-recurring items, EPS reached $1.42, exceeding analyst expectations of $1.36 per share.
Revenue for the quarter was $729.4 million, slightly below estimates of $730.1 million. Annually, Revvity reported a profit of $270.4 million or $2.20 EPS, with revenue amounting to $2.76 billion.
For the upcoming year, Revvity projects full-year earnings between $4.90 and $5 per share, on expected revenue ranging from $2.8 billion to $2.85 billion.