Insulet: Q4 Earnings Snapshot
ACTON, Mass. (AP) — ACTON, Mass. (AP) — Insulet Corp. (PODD) on Thursday reported fourth-quarter profit of $100.7 million.
On a per-share basis, the Acton, Massachusetts-based company said it had net income of $1.39. Earnings, adjusted for non-recurring gains, came to $1.15 per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.
The maker of insulin infusion systems posted revenue of $597.5 million in the period, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $581.7 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PODD at https://www.zacks.com/ap/PODD