AngioDynamics Q1 Results Miss Estimates; Reaffirms FY23 Outlook

RTTNews | 1051 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 | 505 hari yang lalu
U.S. Dollar Drops After Powell's Speech

U.S. Dollar Drops After Powell's Speech

The U.S. dollar weakened against its major counterparts in the New York session on Friday, as Federal Reserve Chair Jerome Powell hinted at a potential rate cut next month.
RTTNews | 3j 47min yang lalu
TSX Hits New Record High As Stocks Rally On Fed Rate Cut Hopes

TSX Hits New Record High As Stocks Rally On Fed Rate Cut Hopes

The Canadian market is up firmly in positive territory a little past noon on Friday, with stocks from across several sectors moving higher on strong buying support amid rising hopes of an interest rate cut by the Federal Reserve in September.
RTTNews | 9j 17min yang lalu
Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates

Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates

Federal Reserve Chair Jerome Powell delivered a highly-anticipated speech before the Jackson Hole Economic Symposium on Friday, although he touched only briefly on the outlook for monetary policy. "With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance," Powell said.
RTTNews | 11j 26min yang lalu
Bay Street Likely To Open On Mixed Note; Powell's Speech Eyed

Bay Street Likely To Open On Mixed Note; Powell's Speech Eyed

Canadian shares are likely to open on a somewhat mixed note Friday morning with investors awaiting Fed Chair Jerome Powell's speech at Jackson Hole. Lower commodity prices may weigh a bit early on in the session.
RTTNews | 13j 56min yang lalu
Sensex, Nifty Snap Six-day Winning Streak On Tariff Concerns

Sensex, Nifty Snap Six-day Winning Streak On Tariff Concerns

Indian shares fell sharply on Friday after a Trump administration official called India the 'Maharaja' of tariffs and ramped up his criticism over the trade ahead of an expected tariff increase on August 27.
RTTNews | 15j 42min yang lalu
FTSE 100 Down Slightly; Standard Chartered Shares Up Sharply

FTSE 100 Down Slightly; Standard Chartered Shares Up Sharply

U.K. stocks are turning in a mixed performance in cautious trade on Friday, amid a lack of fresh triggers. Investors are awaiting Fed Chair Jerome Powell's speech later in the day at the Jackson Hole Symposium, for clues about U.S. central bank's interest rate move next month.
RTTNews | 15j 48min yang lalu