AngioDynamics Q2 Results Miss Estimates; Boosts FY24 Adj. EPS Outlook

RTTNews | 598 dni temu
AngioDynamics Q2 Results Miss Estimates; Boosts FY24 Adj. EPS Outlook

(RTTNews) - While reporting financial results for the second quarter on Thursday, medical devices company AngioDynamics, Inc. (ANGO) raised its adjusted earnings guidance for the full year 2024, while trimming annual net sales outlook.

For fiscal 2024, the company now projects adjusted earnings in the range of $0.35 to $0.42 per share on net sales between $320 million and $325 million.

Previously, the company expected adjusted earnings in the range of $0.28 to $0.34 per share on net sales between $328 million and $333 million.

On average, four analysts polled by Thomson Reuters expect the company to report a loss of $0.32 per share on net sales of $329.05 million for the year. Analysts' estimates typically exclude special items.

For the second quarter, the company reported a net loss of $29.05 million or $0.72 per share, wider than $8.47 million or $0.21 per share in the prior-year quarter.

Excluding item, adjusted loss for the quarter was $0.05 per share, compared to adjusted income of $0.01 per share in the year-ago quarter.

Net sales for the quarter decreased to $79.07 million from $85.43 million in the same quarter last year.

The Street was looking for a loss of $0.07 per share on net sales of $82.04 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 | 508 dni temu
Sensex, Nifty Deep In The Red On Tariff Worries

Sensex, Nifty Deep In The Red On Tariff Worries

Indian shares opened on a sluggish note on Tuesday after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.
RTTNews | 37 minut temu
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.
RTTNews | 1g 51 minut temu
Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.
RTTNews | 2g 12 minut temu
Lower Open Called For Thai Stock Market

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.
RTTNews | 3g 23 minut temu
Japanese Market Significantly Lower

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.
RTTNews | 3g 50 minut temu