U.S. Markets closed

Penumbra: 2Q Earnings Snapshot

ALAMEDA, Calif. (AP) _ Penumbra Inc. (PEN) on Tuesday reported second-quarter profit of $16.6 million.

The Alameda, California-based company said it had net income of 46 cents per share. Earnings, adjusted for pretax gains, came to 27 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.

The medical device maker posted revenue of $134.2 million in the period.

Penumbra expects full-year revenue in the range of $535 million to $540 million.

Penumbra shares have climbed 36% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $165.77, a climb of 12% 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 PEN at https://www.zacks.com/ap/PEN