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Zeltiq beats Street 4Q forecasts

PLEASANTON, Calif. (AP) _ Zeltiq Aesthetics Inc. (ZLTQ) on Wednesday reported fourth-quarter net income of $10.3 million.

On a per-share basis, the Pleasanton, California-based company said it had net income of 25 cents. Earnings, adjusted for non-recurring costs, were 27 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.

The body-fat reduction company posted revenue of $105.1 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $104 million.

For the year, the company reported profit of $694,000, or 2 cents per share. Revenue was reported as $354.2 million.

Zeltiq shares have climbed 27 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $55.48, more than doubling in the last 12 months.

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

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Keywords: Zeltiq Aesthetics, Earnings Report