WALTHAM, Mass. (AP) _ PerkinElmer Inc. (PKI) on Monday reported fourth-quarter net income of $64.5 million.

On a per-share basis, the Waltham, Massachusetts-based company said it had profit of 58 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were $1.35 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share.

The maker of scientific instruments posted revenue of $805.5 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $802 million.

For the year, the company reported profit of $227.6 million, or $2.04 per share. Revenue was reported as $2.88 billion.

For the current quarter ending in April, PerkinElmer expects its per-share earnings to be 70 cents.

The company said it expects revenue in the range of $700 million for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $702.3 million.

PerkinElmer expects full-year earnings in the range of $4.50 to $4.60 per share, with revenue ranging from $3.05 billion to $3.09 billion.

PerkinElmer shares have increased nearly 2% since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. In the final minutes of trading on Monday, shares hit $98.79, a climb of 14% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PKI at https://www.zacks.com/ap/PKI

Automated Insights, source Associated Press News