BAGSVAERD, Denmark (AP) _ Novo Nordisk A/S (NVO) on Wednesday reported fourth-quarter profit of $1.49 billion.

On a per-share basis, the Bagsvaerd, Denmark-based company said it had profit of 64 cents.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.

The drugmaker posted revenue of $5.15 billion in the period.

For the year, the company reported profit of $6.46 billion, or $2.76 per share. Revenue was reported as $19.45 billion.

Novo Nordisk shares have risen roughly 2% since the beginning of the year. The stock has climbed 16% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NVO at https://www.zacks.com/ap/NVO

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