) announced the launch of Elm air monitoring service, which will
provide air quality analysis for individuals, smart cities and
sustainable communities. The Elm service renders air quality data
in real time, which can be readily accessed online and on mobile
The devices in the Elm network have multiple air monitoring
sensors. Its units are placed outdoors so that individuals can get
real-time air quality information, located in industrial areas,
neighborhoods, parks and schools.
The Elm network sensors measure patterns of seven air quality
indicators. The indicators are ozone, particulates (soil or dust
materials) and nitrogen dioxide (NO2). Each device connects to the
secure Elm data network, which is capable of sending readings from
the sensors every 20 seconds and enable viewing of timely air
Generally, air monitoring solutions rely on data generated by a
limited number of geographically dispersed regulatory lab
monitoring stations. However, the Elm service provides information
on air quality by providing access to relevant and localized data.
In this way, it provides insights on air quality patterns and
pollution trends, complementing other conventional monitoring
Recently, PKI has established Elm network in the Boston metro. The
network in the area gathers data in 25 discrete locations near
schools, parks, roads and neighborhoods. This pilot network is
already demonstrating how improving the density of data coverage
can enhance the relevancy and availability of air quality data.
In the first quarter of 2014, PKI posted adjusted earnings per
share of 46 cents, surpassing the Zacks Consensus Estimate by 3
cents as well as the year-ago level of 36 cents by 27.8%. On a
reported basis, PKI posted earnings per share of 30 cents for the
quarter, edging past the year-ago reported earnings of 28 cents by
Revenues in the quarter went up 5.2% to $531.9 million and were
almost in line with the Zacks Consensus Estimate of $531.0 million.
Including purchase accounting adjustments, total revenues increased
5.1% to $533.4 million in the quarter.
For the second quarter of 2014, PKI expects adjusted earnings per
share in the range of 57 to 59 cents, which represents growth of 12
to 16% from prior-year quarter. The current Zacks Consensus
Estimate of 59 is the top-end of the guided range.
Adjusted revenues are expected in the range of $565 to $575
million. The current Zacks Consensus Estimate of $571 million lies
within the guided range.
For 2014, PKI expects reported earnings per share in the range of
$1.91 to $1.95. On an adjusted basis, PKI raised its forecast for
earnings per share to the range of $2.42 to $2.46 from $2.40 to
$2.45. The current Zacks Consensus Estimate of $2.45 lies within
the guided range.
Currently PKI carries a Zacks Rank #3 (Hold). Some better-ranked
stocks in the broader healthcare sector include
Eagle Pharmaceuticals Inc.
). All of them carry a Zacks Rank #2 (Buy).
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