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Penumbra reports 4Q loss

ALAMEDA, Calif. (AP) _ Penumbra Inc. (PEN) on Tuesday reported a fourth-quarter loss of $2.4 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Alameda, California-based company said it had a loss of 8 cents.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.

The medical device maker posted revenue of $73.1 million in the period.

For the year, the company reported profit of $14.8 million, or 44 cents per share. Revenue was reported as $263.3 million.

Penumbra expects full-year revenue in the range of $312 million to $317 million.

Penumbra shares have climbed 20 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $76.80, a climb of 65 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 PEN at https://www.zacks.com/ap/PEN


Keywords: Penumbra, Earnings Report