PADUA, Italy (AP) — PADUA, Italy (AP) — Stevanato Group SpA (STVN) on Thursday reported fourth-quarter net income of $48.7 million.

On a per-share basis, the Padua, Italy-based company said it had net income of 18 cents. Earnings, adjusted for non-recurring costs, came to 19 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.

The maker of glass vials for COVID-19 vaccines posted revenue of $345.2 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $346 million.

For the year, the company reported profit of $157.7 million, or 60 cents per share. Revenue was reported as $1.17 billion.

Stevanato expects full-year earnings in the range of 67 cents to 71 cents per share, with revenue in the range of $1.27 billion to $1.3 billion.

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