RMD News: Penumbra (PEN) Q1 Earnings Lag Estimates, Margins Expand - 9th May 2024, 12:43am

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Penumbra, Inc. PEN reported first-quarter 2024 adjusted earnings per share (EPS) of 41 cents, which missed the Zacks Consensus Estimate by a penny. However, adjusted EPS improved 78.3% year over year.

GAAP EPS was 28 cents per share, reflecting 27.3% growth from the prior-year quarter.

Revenues in Detail

Penumbra registered revenues of $278.7 million in the reported quarter, up 15.4% year over year on a reported basis and 15.2% at a constant exchange rate or CER. The figure topped the Zacks C...

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