Revvity Inc

RVTY: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$224.00	Rztkswv	Hljjngqsy

Revvity Earnings: 2023 Outlook Cut Mildly on Life Sciences Uncertainty, China Diagnostics Weakness

Julie Utterback

May 11, 2023

Narrow-moat Revvity (formerly known as PerkinElmer) reported weak first-quarter results that were about as expected but trimmed its guidance for the full year, which appears to be pushing down shares in early trading. At first glance, our bottom-line assumptions remain within management's new guidance range, and we do not anticipate changing our $162 fair value estimate based on this announcement. The shares still appear moderately undervalued to us.

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