By Connor Hart
Revvity logged a lower profit in the third quarter as costs rose, despite slightly higher revenue.
The Waltham, Mass., company--which provides health-science solutions, technologies, expertise and services--posted a profit of $46.7 million, or 40 cents a share, for its three months ended Sept. 28, compared with $94.4 million, or 77 cents a share, a year earlier.
Stripping out certain one-time items, earnings were $1.18 a share. Analysts polled by FactSet expected adjusted earnings of $1.14 a share.
Revenue rose 2.2% to $698.9 million, roughly in line with analyst estimates.
Cost of revenue jumped 8.4% to $324.3 million.
Life-sciences revenue ticked up 1% to about $343 million, while diagnostic revenue edged 2% higher, to approximately $356 million.
For the year, Revvity now expects adjusted earnings of $4.90 to $5 a share on revenue of $2.83 billion to $2.88 billion. It had previously guided for adjusted earnings of $4.85 to $4.95 a share on revenue of $2.84 billion to $2.88 billion.
The company's outlook continues to assume organic revenue growth of 2% to 4%.
Shares fell 3.9% to $95.01 in premarket trading.
Revvity's board also on Monday authorized a new $1 billion share-repurchase program.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
October 27, 2025 07:07 ET (11:07 GMT)
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