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Stock impact report

PerkinElmer First Quarter 2020 Financial Performance Update

PerkinElmer, Inc. (PKI) 
Last perkinelmer, inc. earnings: 1/27 04:15 pm Check Earnings Report
US:NYSE Investor Relations: perkinelmer.com/corporate/investors
Company Research Source: Business Wire
WALTHAM, Mass.--(BUSINESS WIRE)--PerkinElmer, Inc. (NYSE: PKI), a global leader committed to innovating for a healthier world, today announced that it expects first quarter 2020 revenue and earnings per share, both on a GAAP and non-GAAP basis, to be below the Company’s previously communicated guidance.Prahlad Singh, president and chief executive officer of PerkinElmer, stated, “We experienced a significant deterioration in demand in China during the month of February due to the extension of the Lunar New Year holiday and the ongoing and protracted commercial disruptions in the region as a result of COVID-19. While we have yet to see significant disruption outside of China, we are keenly monitoring the recent virus-related developments across the globe, as increased transmission rates globally could further impact our current and future financial performance. The situation remains highly fluid, and we are evaluating how much revenue we expect to recapture over the remainder of 202 Show less Read more
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