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Utah Medical: 4Q Earnings Snapshot

MIDVALE, Utah (AP) _ Utah Medical Products Inc. (UTMD) on Thursday reported fourth-quarter net income of $3.4 million, after reporting a loss in the same period a year earlier.

The Midvale, Utah-based company said it had net income of 91 cents per share. Earnings, adjusted for non-recurring costs, came to 94 cents per share.

The medical device maker posted revenue of $9.8 million in the period.

For the year, the company reported profit of $18.6 million, or $4.95 per share. Revenue was reported as $42 million.

Utah Medical shares have climbed 13 percent since the beginning of the year. The stock has risen 2 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UTMD at https://www.zacks.com/ap/UTMD