AP NEWS

Penumbra: 4Q Earnings Snapshot

February 25, 2020 GMT

ALAMEDA, Calif. (AP) _ Penumbra Inc. (PEN) on Tuesday reported fourth-quarter earnings of $9.7 million.

The Alameda, California-based company said it had net income of 27 cents per share. Earnings, adjusted for pretax gains, came to 22 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.

The medical device maker posted revenue of $145.3 million in the period.

For the year, the company reported profit of $48.5 million, or $1.34 per share. Revenue was reported as $547.4 million.

Penumbra expects full-year revenue in the range of $635 million to $645 million.

Penumbra shares have climbed 7% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $176.17, a climb of 18% in the last 12 months.

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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