PKI - PerkinElmer flat in after-hours trading despite Q4 earnings beat

A nice beat on the both the top and bottom lines in Q4 2021 isn't having an impact on PerkinElmer (NYSE:PKI) shares in post-market trading. They are unchanged. In the quarter, the company's discovery and analytical solutions segment saw revenues rise 30% to $655M year-over-year. However, revenue in its diagnostics segment fell 17% to $709M in the prior-year period. Diluted EPS in the quarter was $1.41, compared to $3.38 in Q4 2020. Increases in SG&A and R&D expenses year over year weighed on net income. The company ended the year with ~$618M in cash. Check out why Seeking Alpha contributor M. Wayne Toepke considers PerkinElmer a hold.

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PerkinElmer flat in after-hours trading despite Q4 earnings beat