ALAMEDA, Calif. (AP) — ALAMEDA, Calif. (AP) — Penumbra Inc. (PEN) on Thursday reported fourth-quarter earnings of $54.2 million.
The Alameda, California-based company said it had net income of $1.38 per share. Earnings, adjusted for non-recurring gains, came to 76 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share.
The medical device maker posted revenue of $284.7 million in the period, which did not meet Street forecasts. Seven analysts surveyed by Zacks expected $287.5 million.
For the year, the company reported profit of $91 million, or $2.32 per share. Revenue was reported as $1.06 billion.
Penumbra expects full-year revenue in the range of $1.23 billion to $1.27 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