WALTHAM, Mass. (AP) — WALTHAM, Mass. (AP) — Revvity, Inc. (RVTY) on Friday reported fourth-quarter net income of $94.6 million.
The Waltham, Massachusetts-based company said it had net income of 78 cents per share. Earnings, adjusted for one-time gains and costs, were $1.42 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.36 per share.
The maker of scientific instruments posted revenue of $729.4 million in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $730.1 million.
For the year, the company reported profit of $270.4 million, or $2.20 per share. Revenue was reported as $2.76 billion.
Revvity expects full-year earnings in the range of $4.90 to $5 per share, with revenue in the range of $2.8 billion to $2.85 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RVTY at https://www.zacks.com/ap/RVTY
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