MAPLEWOOD, Minn. (AP) — MAPLEWOOD, Minn. (AP) — Solventum Corp. (SOLV) on Thursday reported fourth-quarter net income of $63 million.
The Maplewood, Minnesota-based company said it had net income of 36 cents per share. Earnings, adjusted for non-recurring costs and amortization costs, were $1.57 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.50 per share.
The health care company posted revenue of $2 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.97 billion.
For the year, the company reported profit of $1.56 billion, or $8.88 per share. Revenue was reported as $8.32 billion.
Solventum expects full-year earnings in the range of $6.40 to $6.60 per share.
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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 SOLV at https://www.zacks.com/ap/SOLV