Penumbra, Inc. (PEN) Tops Q1 EPS by 3c, reiterates guidance

Penumbra, Inc. (NYSE: PEN) reported Q1 EPS of $0.41, $0.03 better than the analyst estimate of $0.38. Revenue for the quarter came in at $278.7 million versus the consensus estimate of $274.81 million.

GUIDANCE:

Penumbra, Inc. sees FY2024 revenue of $1.23-1.27 billion, versus the consensus of $1.246 billion. The Company also continues to expect gross margin expansion in the range of 100 to 150 basis points and total non-GAAP operating margin expansion in the range of 100 to 200 basis points in 2024 compared to full year 2023.

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

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