PerkinElmer (NYSE:PKI) shares ticked up today on fourth-quarter results that came in ahead of the consensus forecast.
The Waltham, Massachusetts-based company posted profits of $179.2 million, or $1.41 per share, on sales of $1.4 billion for the three months ended Jan. 2, 2022, for a 52.9% bottom-line slide on sales growth of 0.7%.
Adjusted to exclude one-time items, earnings per share were $2.56, 37¢ ahead of Wall Street, where analysts were looking for sales of $1.36 billion.
“The last three years have been a period of positive transformation for the Company, which we accomplished through agility, teamwork and perseverance,” PerkinElmer President and CEO Prahlad Singh said in a news release. “Thanks to these efforts, I believe we are better positioned than ever to serve as a trusted, strategic partner of choice for our customers, while ensuring we create an inspiring and engaging place to work for our employees.”
PerkinElmer said it expects to l…