Penumbra (NYSE:PEN) this week posted first-quarter results that beat the revenue consensus on Wall Street but missed earnings estimates.
The Alameda, California-based company reported profits of $79,000, or -1¢ per share, on sales of $203.9 million for the three months ended March 31, for a sales growth of 20.5% compared with Q1 2021.
Earnings per share were 5¢ behind The Street, where analysts were looking for sales of $195.31 million.
Penumbra reiterated its 2022 revenue guidance range of $860 million to $875 million to represent 15% to 17% growth over 2021 revenue of $747.6 million.
Shares in PEN were up less than 1% to $170.94 in premarket trading.