Penumbra: Q2 Earnings Snapshot
ALAMEDA, Calif. (AP) — ALAMEDA, Calif. (AP) — Penumbra Inc. (PEN) on Tuesday reported second-quarter net income of $19 million.
On a per-share basis, the Alameda, California-based company said it had profit of 48 cents. Earnings, adjusted for pretax gains, came to 43 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.
The medical device maker posted revenue of $261.5 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $253.2 million.
Penumbra expects full-year revenue in the range of $1.05 billion to $1.07 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
