Anika posts 4Q profit

BEDFORD, Mass. (AP) _ Anika Therapeutics Inc. (ANIK) on Wednesday reported fourth-quarter net income of $8.1 million.

The Bedford, Massachusetts-based company said it had profit of 54 cents per share.

The medical technology company posted revenue of $28.7 million in the period.

For the year, the company reported profit of $32.5 million, or $2.15 per share. Revenue was reported as $103.4 million.

Anika shares have increased roughly 7 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $52.23, an increase of 38 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 ANIK at https://www.zacks.com/ap/ANIK

_____

Keywords: Anika Therapeutics, Earnings Report