Shockwave Medical: Q4 Earnings Snapshot

Associated Press Finance
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SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — Shockwave Medical Inc. (SWAV) on Thursday reported fourth-quarter net income of $44.3 million.

The Santa Clara, California-based company said it had profit of $1.16 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.

The medical device compnay posted revenue of $203 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $200 million.

For the year, the company reported profit of $147.3 million, or $3.85 per share. Revenue was reported as $730.2 million.

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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 SWAV at https://www.zacks.com/ap/SWAV

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