PerkinElmer (NYSE:PKI) reported its Q3 earnings results on Tuesday, November 2, 2021 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

PerkinElmer their estimated earnings by 35.09%, reporting an EPS of $2.31 versus an estimate of $1.71, which surprised analysts.

Revenue was up $202,975,000 from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.42, which was followed by a 1.13% drop in the share price the next day.

Here's a look at PerkinElmer's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

PerkinElmer management provided guidance for their next quarter, expecting earnings between $1.62 and $1.62 per share for the nextquarter.

This represents a -29.87% in quarter-over-quarter growth for PerkinElmer, a bearish signal to many investors.

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