July 30- Scientific instruments maker PerkinElmer Inc posted a surprise rise in second-quarter revenue as it benefited from demand for its new products. Revenue from PerkinElmer's environmental health business, which sells environmental and food safety testing products, increased about 4 percent to $222.4 million in the quarter ended June 28.
Big firms are planning to cut the cash they put into employees' pensions this year. Investors are hoping to get their hands on the money instead—USAT.
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Shares of PerkinElmer soared to a new annual high, a day after the health and industrial sciences company reported third-quarter results that topped Wall Street expectations. PerkinElmer Inc. said Thursday it now expects adjusted 2012 earnings of $2.05 to $2.07 per share. THE BIG PICTURE: PerkinElmer runs human and environmental health businesses.
Analyst Sung Ji Nam said that for now, the major sources of growth for companies including Illumina Inc. and Life Technologies Corp. will be sales of new, more advanced gene-sequencing products and disposable items used in testing, and their biggest clients will remain academic and clinical customers.
*JP Morgan starts PerkinElmer with overweight- Streetinsider.com. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
NEW YORK-- Analysts for Cowen and Co. started coverage of a group of companies that make tests used to diagnose infectious diseases, assigning top ratings to companies including Cepheid, Hologic Inc., and Meridian Bioscience Inc..
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