NEWARK, Calif. (AP) — NEWARK, Calif. (AP) — Protagonist Therapeutics Inc. (PTGX) on Friday reported fourth-quarter earnings of $131.7 million.

On a per-share basis, the Newark, California-based company said it had profit of $1.98.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The biopharmaceutical company posted revenue of $170.6 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $56.4 million.

For the year, the company reported profit of $275.2 million, or $4.23 per share. Revenue was reported as $434.4 million.

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