Penumbra (NYSE:PEN) posted third-quarter results this week that beat the overall consensus on Wall Street.
The Alameda, California-based company reported profits of $8.85 million, or 24¢ per share, on sales of $190.1 million for the three months ended Sept. 30, for a sales growth of 25.84% compared with Q3 2020.
Adjusted to exclude one-time items, earnings per share were 12¢, 4¢ ahead of the Street, where analysts were looking for sales of $181.1 million.
Penumbra increased its full-year guidance to be in the range of $735 million to $740 million to represent a 31% to 32% growth over 2020.
Shares in PEN were up 1.4% to $181.21 apiece at market open.