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Home » Penumbra beats Q1 expectations, driven by neuro and peripheral vascular growth
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Penumbra beats Q1 expectations, driven by neuro and peripheral vascular growth

May 11, 2016
By Amanda Pedersen
Revenue growth in both neurovascular and peripheral vascular products drove Penumbra Inc. to beat analyst expectations in the first quarter. The Alameda, Calif.-based company reported total revenue of $57.9 million in the quarter (up 48.7 percent, or 51.0 percent on a constant currency basis), exceeding consensus of $53.1 million. Penumbra said revenue from sales of neuro products grew 30.4 percent (or 32.8 percent on a constant currency basis) to $41.3 million and peripheral vascular product sales grew 127.9 percent (or 130.0 percent on a constant currency basis) to $16.6 million in the first quarter.
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