WALTHAM, Mass. (AP) — WALTHAM, Mass. (AP) — PerkinElmer Inc. (PKI) on Tuesday reported fourth-quarter earnings of $137.7 million.
The Waltham, Massachusetts-based company said it had profit of $1.09 per share. Earnings, adjusted for one-time gains and costs, were $1.70 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.66 per share.
The maker of scientific instruments posted revenue of $741.2 million in the period. Its adjusted revenue was $1.09 billion, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.07 billion.
For the year, the company reported profit of $579.2 million, or $4.58 per share. Revenue was reported as $4.61 billion.
PerkinElmer expects full-year earnings to be $5.05 per share, with revenue expected to be $2.94 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a PKI">Zacks stock report on PKI at https://www.zacks.com/ap/PKI