PerkinElmer's diagnostics revenue, income dip in Q4

2022 02 02 22 58 0725 Graph Market Down 400

PerkinElmer posted declines in revenue and operating income in its diagnostics business in the fourth quarter of 2021 (end-January 2).

For the quarter of 2021, the company reported diagnostics revenue of $709 million, a 17% decrease from the $852 million reported during that same period in 2020, according to the company.

Operating income in the diagnostics business also saw a decline in the period. Operating income from continuing operations for the fourth quarter of 2021 was $254 million, while the company posted $460 million in the same quarter of 2020.

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