AngioDynamics Q1 Results Miss Estimates; Reaffirms FY23 Outlook

RTTNews | 1049 hari yang lalu
AngioDynamics Q1 Results Miss Estimates; Reaffirms FY23 Outlook

(RTTNews) - While reporting financial results for the first quarter on Thursday, medical devices company AngioDynamics, Inc. (ANGO) reaffirmed its adjusted earnings and net sales guidance for the full year 2023.

For fiscal 2023, the company continues to project adjusted earnings in the range of $0.01 to $0.06 per share on net sales between $342 million and $348 million.

On average, four analysts polled by Thomson Reuters expect the company to report earnings of $0.02 per share on net sales of $344.21 million for the year. Analysts' estimates typically exclude special items.

For the first quarter, the company reported a net loss of $13.00 million or $0.33 per share, wider than $6.97 million or $0.18 per share in the prior-year quarter.

Excluding item, adjusted loss for the quarter was $0.33 per share, compared to adjusted loss of $0.02 per share in the year-ago quarter.

Net sales for the quarter increased 5.9 percent to 81.54 million from 76.97 million in the same quarter last year.

The Street was looking for a loss of $0.02 per share on net sales of $83.42 million for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
AngioDynamics Q3 Loss Sharply Widens; Slashes FY24 Outlook

AngioDynamics Q3 Loss Sharply Widens; Slashes FY24 Outlook

While reporting financial results for the third quarter on Thursday, medical devices company AngioDynamics, Inc. (ANGO) slashed its adjusted loss and net sales guidance for the full year 2024, reflecting the recent divestiture of the PICC and Midline businesses and discontinuance of the RadioFrequency ablation and Syntrax businesses.
RTTNews | 503 hari yang lalu
Target Q2 Down, Yet Beats Street, Backs FY25 View, Names Michael Fiddelke CEO; Shares Hit

Target Q2 Down, Yet Beats Street, Backs FY25 View, Names Michael Fiddelke CEO; Shares Hit

Shares of Target Corp. were losing around 11 percent in the pre-market activity on the NYSE, after the retail major reported Wednesday lower profit and comparable sales in its second quarter. However, earnings per share and top line beat market estimates, and the firm maintained its fiscal 2025 outlook. Separately, Target announced the appointment of Michael Fiddelke, chief operating officer,
RTTNews | 2j 11min yang lalu
Indonesia Unexpectedly Cuts Interest Rate

Indonesia Unexpectedly Cuts Interest Rate

Indonesia's central bank eased its monetary policy unexpectedly on Wednesday in order to bolster economic growth amid inflation remaining well within the target range. The Bank Indonesia board, led by Governor Perry Warjiyo, decided to cut the BI rate by 25 basis points to 5.0 percent.
RTTNews | 2j 36min yang lalu
Bay Street Likely To Open On Subdued Note

Bay Street Likely To Open On Subdued Note

Canadian shares look headed for a somewhat subdued start on Wednesday as investors, looking for further progress in geopolitical and trade talks, are likely to remain largely cautious with their moves. Energy and gold stocks may attract buyers thanks to higher oil and bullion prices.
RTTNews | 2j 58min yang lalu
CAC 40 Flat In Lackluster Trade

CAC 40 Flat In Lackluster Trade

French stocks are exhibiting some weakness on Wednesday, after seeing a big upmove in the previous session. The mood is cautious with investors looking ahead to the Federal Reserve's annual Jackson Hole Symposium.
RTTNews | 4j 28min yang lalu
Pound Rises As UK Inflation Hits 18-Month High

Pound Rises As UK Inflation Hits 18-Month High

The British pound strengthened against other major currencies in the European session on Wednesday, as the UK consumer price inflation accelerated to an 18-month high in July on airfares and food prices, suggesting that the Bank of England is likely to delay further easing.
RTTNews | 4j 41min yang lalu