UPDATE 1-PerkinElmer 1st-qtr net profit rises

Thu May 6, 2010 4:28pm EDT

* Net EPS 22 cents vs 13 cents a year earlier

* Revenue up 7 pct to $465 million

* Raises full-year outlook

LOS ANGELES, May 6 (Reuters) - Scientific instruments maker PerkinElmer Inc (PKI.N) on Thursday said its first-quarter net profit rose as sales increased, and it raised its outlook for full-year earnings.

The company reported net earnings per share from continuing operations of 22 cents, up from 13 cents a year earlier,

Adjusting for one-time items, PerkinElmer said it earned 31 cents a share.

Revenue rose 7 percent to $465.1 million.

For the full year, the company forecast net earnings per share from continuing operations in the range of $1.08 to $1.13, up from its previous forecast of 98 cents to $1.05.

On an adjusted basis, PerkinElmer forecast earnings per share from continuing operations of $1.43 to $1.48, up from a prior forecast of $1.35 to $1.42.

Analysts had forecast $1.41 for the year, according to Thomson Reuters I/B/E/S.

"Overall we continue to experience positive momentum throughout most of our end markets," Robert Friel, the company's chairman and chief executive officer, said in a statement.

"We believe that the strength of our portfolio enhanced by our recent acquisitions, and our geographic diversity make us well positioned to outperform in 2010 and beyond." (Reporting by Deena Beasley; Editing by Gary Hill)

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