Penumbra: 2Q Earnings Snapshot
ALAMEDA, Calif. (AP) _ Penumbra Inc. (PEN) on Tuesday reported second-quarter net income of $13.4 million, after reporting a loss in the same period a year earlier.
The Alameda, California-based company said it had profit of 37 cents per share. Earnings, adjusted for pretax gains, were 15 cents per share.
The medical device maker posted revenue of $109.6 million in the period.
Penumbra expects full-year revenue in the range of $420 million to $425 million.
Penumbra shares have increased 58 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $148.55, a rise of 79 percent in the last 12 months.