ALAMEDA, Calif. (AP) _ Penumbra Inc. (PEN) on Tuesday reported fourth-quarter profit of $3.6 million.

On a per-share basis, the Alameda, California-based company said it had net income of 10 cents. Earnings, adjusted for non-recurring costs, were 42 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.

The medical device maker posted revenue of $166.9 million in the period.

For the year, the company reported a loss of $15.7 million, or 44 cents per share, swinging to a loss in the period. Revenue was reported as $560.4 million.

Penumbra expects full-year revenue in the range of $675 million to $685 million.

Penumbra shares have risen 60% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $280.61, an increase of 52% 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 PEN at https://www.zacks.com/ap/PEN

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