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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

4/26/13

PerkinElmer Inc. (PKI)

PerkinElmer is trading lower today, down 11.96% at $30.35. The company, which offers products and services for laboratories, saw its shares fall after it missed on earnings. PerkinElmer announced revenue of $505.4 million and earnings per share of $0.36. Both numbers missed analysts' forecast of $534 million and $0.48, respectively. The disappointing quarter, led PerkinElmer to lower its full year forecast to $2.00 to $2.10 per share, down from $2.24 to $2.32 per share. Management should think about using its own services to diagnose why it had such a poor quarter. The company is still trading in the middle of its 52-week range of $23.73-$35.86.

Constant Contact Inc. (CTCT)

Constant Contact is another company benefiting from good earnings, up 15.58% at $14.84. The small-business marketing company announced revenue was $68.2 million, just sneaking in above analyst estimates. The real surprise in the earnings report was that earnings per share came in at $0.05, which was well above Wall Street's view of a loss of $0.03. Management raised its full year guidance releasing that revenue is expected to be around $284-$289 million, with an EPS of $0.14-$0.17. CEO Gail Goodman said that the company is continuing to have success in transitioning to a multi-product company and Constant Contact is also seeing success in converting demand into paying customers.
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