MARIETTA, Ga. (AP) — MARIETTA, Ga. (AP) — MiMedx Group Inc. (MDXG) on Wednesday reported fourth-quarter net income of $47 million.

On a per-share basis, the Marietta, Georgia-based company said it had net income of 32 cents. Earnings, adjusted for non-recurring gains and to account for discontinued operations, were 4 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

The developer of biomaterials made from sterilized human amniotic membrane posted revenue of $86.8 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $85.6 million.

For the year, the company reported profit of $46.6 million, or 37 cents per share. Revenue was reported as $321.5 million.

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