Penumbra: Fourth Quarter Earnings Overview
Penumbra Inc. Announces Fourth-Quarter Financial Results
Penumbra Inc., headquartered in Alameda, California, revealed a net profit of $47.3 million for the fourth quarter.
The company reported earnings of $1.20 per share, with adjusted earnings—excluding one-time gains—coming in at $1.18 per share.
These figures surpassed the expectations of Wall Street analysts, who, according to a Zacks Investment Research survey of eight experts, had forecast earnings of $1.12 per share.
During the quarter, Penumbra generated $385.4 million in revenue.
For the full year, the company achieved a total profit of $177.7 million, or $4.52 per share, with annual revenue reaching $1.4 billion.
Financial data sourced from Zacks Investment Research and compiled by Automated Insights.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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