Avanos Medical: Q4 Earnings Snapshot

ALPHARETTA, Ga. (AP) — ALPHARETTA, Ga. (AP) — Avanos Medical, Inc. (AVNS) on Tuesday reported fourth-quarter profit of $10.5 million.

On a per-share basis, the Alpharetta, Georgia-based company said it had net income of 23 cents. Earnings, adjusted for one-time gains and costs, came to 36 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.

The medical technology company posted revenue of $173.3 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $172.9 million.

For the year, the company reported a loss of $61.8 million, or $1.32 per share, swinging to a loss in the period. Revenue was reported as $673.3 million.

Avanos Medical expects full-year earnings in the range of $1.30 to $1.45 per share, with revenue in the range of $685 million to $705 million.

Avanos Medical shares have fallen 14% since the beginning of the year. The stock has fallen 36% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AVNS at https://www.zacks.com/ap/AVNS