DURHAM, N.C. (AP) — DURHAM, N.C. (AP) — Bioventus Inc. (BVS) on Thursday reported fourth-quarter profit of $14.8 million.
The Durham, North Carolina-based company said it had profit of 21 cents per share. Earnings, adjusted for non-recurring costs, were 24 cents per share.
The company posted revenue of $157.9 million in the period.
For the year, the company reported net income of $22.7 million, or 33 cents per share, swinging to a profit in the period. Revenue was reported as $568.1 million.
Bioventus expects full-year earnings in the range of 73 cents to 77 cents per share, with revenue in the range of $600 million to $610 million.
Bioventus shares have increased 14% since the beginning of the year. The stock has fallen 16% in the last 12 months.
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