Revvity revised 2025 profit forecast downward citing China policy impact on diagnostics demand (reuters.com)
0xBASE INTEL BRIEF
- Revvity lowered 2025 adjusted EPS forecast to $4.80-$4.85 from $4.95-$5.05.
- Weak demand in China due to government procurement policy changes.
- Q2 revenue $689M, down 3%, slightly above estimates.
- Shares fell 5% in premarket trading.
"Revvity lowered its 2025 adjusted profit forecast due to weaker demand in China from government procurement policy changes. The company now expects adjusted earnings per share between $4.80 and $4.85, down from $4.95 to $5.05. Shares fell 5% in premarket trading."
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