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AngioDynamics misses Street 1Q forecasts

LATHAM, N.Y. (AP) _ AngioDynamics Inc. (ANGO) on Thursday reported a fiscal first-quarter loss of $35,000, after reporting a profit in the same period a year earlier.

The Latham, New York-based company said it had a loss of less than 1 cent on a per-share basis. Earnings, adjusted for one-time gains and costs, came to 12 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.

The medical device maker posted revenue of $85.4 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $86.1 million.

AngioDynamics expects full-year earnings in the range of 64 cents to 68 cents per share, with revenue in the range of $352 million to $359 million.

AngioDynamics shares have risen 11 percent since the beginning of the year. The stock has risen 11 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 ANGO at https://www.zacks.com/ap/ANGO


Keywords: AngioDynamics, Earnings Report