AP NEWS

Penumbra: 2Q Earnings Snapshot

August 7, 2018

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.

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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

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