Profound Medical corp. (PROF) released a profit for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line came in at $6.91 million, or $0.20 per share. This compares with $8.29 million, or $0.42 per share, last year.
Analysts on average had expected the company to earn -$0.32 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 108.0% to $4.18 million from $2.01 million last year.
Profound Medical corp. earnings at a glance (GAAP) :
-Earnings: $6.91 Mln. vs. $8.29 Mln. last year.
-EPS: $0.20 vs. $0.42 last year.
-Revenue: $4.18 Mln vs. $2.01 Mln last year.
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