WASHINGTON (dpa-AFX) - Shares of PerkinElmer, Inc. (PKI) rose nearly 7 percent in extended trading on Thursday after the safety and environment service provider gave initial earnings guidance for the full-year 2012, well above Street view. The company reported a loss for the fourth quarter compared to a profit last year, hurt by significant charges and higher expenses. However, both adjusted earnings per share and quarterly revenues topped analysts' expectations. 'Our excellent fourth quarter financial results complete a terrific year for PerkinElmer, with strong growth in revenue, adjusted earnings per share and cash flow. The progress we made in 2011, both operationally and strategically, better positions us to make a dramatic impact on human and environmental health while continuing to deliver strong financial returns,' Chairman and CEO Robert Friel said in a statement. The Waltham, Massachusetts-based company reported a net loss of $84.64 million or $0.75 per share for the fourth quarter, compared to net income of $292.93 million or $2.49 per share in the prior-year quarter. Loss from continuing operations were $84.64 million or $0.75 per share, compared to income of $43.14 million or $0.37 per share in the year-ago quarter. The results for the latest quarter primarily include $0.40 per share charge related to the recent acquisition of Caliper Life Sciences and pension liabilities of divested businesses, and $0.61 per share of tax charges related to Caliper acquisition. Excluding items, adjusted income from continuing operations for the quarter increased 38 percent to $0.62 per share from last year's $0.45 per share. On average, 10 analysts polled by Thomson Reuters expected the company to report earnings of $0.51 per share for the fourth quarter. Analysts' estimates typically exclude special items. Revenues for the quarter grew 15 percent to $540.19 million from $469.97 million in the same quarter last year, and topped ten Wall Street analysts' consensus estimate of $537.06 million. Organic revenue growth was 6 percent. Among segments, human health sales increased 20 percent to $258.52 million from last year, and environmental health revenues grew 11 percent to $281.68 million from a year ago. Selling, general and administrative expenses for the quarter surged to $222.46 million from $125.24 million in the prior-year quarter. Provision for income taxes for the quarter soared to $44.11 per share from $2.24 million in the prior-year quarter. For fiscal 2011, the company reported net income of $6.66 million or $0.06 per share, sharply lower than $390.98 million or $3.31 per share in the prior year. Income from continuing operations were $0.17 million or breakeven per share, compared to income of $138.91 million or $1.18 per share in the prior year. Excluding items, adjusted income from continuing operations increased to $1.83 per share from last year's $1.36 per share. Analysts expected the company to report earnings of $1.68 per share for fiscal 2011. Net revenues for the full year grew to $1.92 billion from $1.70 billion in the previous year. Street was looking for full-year 2011 revenues of $1.94 billion. Looking ahead to fiscal 2012, PerkinElmer expects adjusted earnings from continuing operations in a range of $1.98 to $2.04 per share, with anticipated organic revenue growth in the mid-single digit range from 2011. Street analysts are currently looking for full-year 2012 earnings of $1.92 per share, on annual revenues of $2.16 billion. PKI closed Thursday's regular trading session at $24.69, down $0.27 or 2.08% on a volume of 2.32 million shares. However, the stock surged $1.70 or 6.89% in after-hours trading.
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