Penumbra, Inc. (PEN) Tops Q1 EPS by 17c, Beats on Revenues; Boosts FY18 Revenue Outlook Above Consensus

Penumbra, Inc. (NYSE: PEN) reported Q1 EPS of $0.15, $0.17 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $102.7 million versus the consensus estimate of $91.72 million.

• Revenue of $102.7 million in the first quarter of 2018, an increase of 40.3%, or 36.2% in constant currency1, over the first quarter of 2017.
• Full Year 2018 Financial Outlook

The Company is increasing its 2018 guidance for total revenue to be in the range of $410 million to $415 million. This new range compares to the previous range of $400 million to $405 million.

GUIDANCE:

Penumbra, Inc. sees FY2018 revenue of $410-415 million, versus the consensus of $406.06 million.

For earnings history and earnings-related data on Penumbra, Inc. (PEN) click here.

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