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Revvity HQ
(Gorman Richardson Lewis Architects)

Revvity sinks after slashing its full-year profit outlook

The medical equipment maker said demand in China is cooling as new insurance reimbursement policies take effect.

Nia Warfield

Shares of Revvity were down nearly 8% Monday afternoon after the medical equipment maker topped Q2 expectations but slashed its full-year profit forecast.

The company said it now expects adjusted earnings of $4.85 to $4.95 per share in 2025, down from its previous guidance range of $4.90 to $5.00. Revvity posted a solid second quarter, with sales hitting $720 million, topping Wall Street’s $710.4 million estimate.

The outlook cut comes as hospitals in China have started ordering fewer of Revvity’s higher-end diagnostic tests, which check for multiple conditions at once. A new cost-cutting policy tied to insurance reimbursements is pushing hospitals in the country to buy simpler, cheaper tests instead.

As a result, Revvity’s diagnostic sales in China dropped by double digits last quarter. The company now expects only low single-digit growth from that part of the business this year, down from its previous forecast of mid-single-digit growth.

Revvity shares are down about 15% year to date.

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

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