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Integer tops 4Q revenue forecasts

FRISCO, Texas (AP) _ Integer Holdings Corp. (ITGR) on Thursday reported fourth-quarter net income of $54.3 million.

The Frisco, Texas-based company said it had net income of $1.68 per share. Earnings, adjusted for pretax gains, came to 96 cents per share.

The medical device outsource manufacturer posted revenue of $390.5 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $361 million.

For the year, the company reported profit of $66.7 million, or $2.09 per share. Revenue was reported as $1.46 billion.

Integer expects full-year earnings in the range of $3.15 to $3.45 per share, with revenue in the range of $1.49 billion to $1.53 billion.

Integer shares have climbed slightly since the beginning of the year. In the final minutes of trading on Thursday, shares hit $45.35, a climb of 27 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ITGR at https://www.zacks.com/ap/ITGR