SOUTH JORDAN, Utah (AP) — SOUTH JORDAN, Utah (AP) — Merit Medical Systems Inc. (MMSI) on Wednesday reported fourth-quarter earnings of $27.6 million.

On a per-share basis, the South Jordan, Utah-based company said it had profit of 47 cents. Earnings, adjusted for amortization costs and restructuring costs, came to 81 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share.

The maker of disposable medical devices posted revenue of $324.5 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $319 million.

For the year, the company reported profit of $94.4 million, or $1.62 per share. Revenue was reported as $1.26 billion.

Merit Medical expects full-year earnings in the range of $3.28 to $3.35 per share, with revenue in the range of $1.31 billion to $1.33 billion.

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