ALAMEDA, Calif. (AP) — ALAMEDA, Calif. (AP) — Penumbra Inc. (PEN) on Wednesday reported fourth-quarter net income of $47.3 million.
The Alameda, California-based company said it had net income of $1.20 per share. Earnings, adjusted for non-recurring gains, were $1.18 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.
The medical device maker posted revenue of $385.4 million in the period.
For the year, the company reported profit of $177.7 million, or $4.52 per share. Revenue was reported as $1.4 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 PEN at https://www.zacks.com/ap/PEN
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