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SurModics posts 4Q profit

EDEN PRAIRIE, Minn. (AP) _ SurModics Inc. (SRDX) on Wednesday reported fiscal fourth-quarter profit of $400,000.

The Eden Prairie, Minnesota-based company said it had profit of 3 cents per share. Earnings, adjusted for non-recurring costs and amortization costs, were 18 cents per share.

The drug delivery technology company posted revenue of $20.1 million in the period.

For the year, the company reported profit of $3.9 million, or 29 cents per share. Revenue was reported as $73.1 million.

SurModics expects full-year earnings in the range of 16 cents to 41 cents per share, with revenue in the range of $72 million to $75 million.

SurModics shares have climbed 17 percent since the beginning of the year. The stock has increased 18 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 SRDX at https://www.zacks.com/ap/SRDX