Revvity Inc

RVTY: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$332.00	Xdjvnfb	Rjfyvhlz

PerkinElmer Reports Strong Q1 Results Based on COVID-19 Tailwinds; No FVE Change

Julie Utterback , Sarah Jeon

May 5, 2021

Narrow-moat PerkinElmer reported strong first-quarter results, delivering overall revenue of about $1.3 billion, beating our and FactSet consensus expectations on the top and bottom lines. Unsurprisingly, the company experienced another quarter of solid growth, nearly up 100% from 2020, mainly driven by the ongoing demand for its COVID-19-related testing solutions. We are maintaining our narrow moat rating and $106 fair value estimate.

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