AngioDynamics Swings To Profit - Quick Facts

(RTTNews) - AngioDynamics Inc (ANGO) Thursday reported first-quarter net earnings of $629 thousand or $0.02 per share compared with a loss of $373 thousand or $0.02 per share last year.

Excluding items, adjusted earnings for the quarter were $0.16 per share compared with earnings of $0.11 per share a year ago.

Revenues for the quarter were $87.3 million compared with $83.6 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.11 per share on revenues of $85.2 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the second quarter, the company expects adjusted earnings of $0.14 to $0.17 per share on revenues of $89 million to $92 million. Analysts expect earnings of $0.16 per share on revenues of $91.7 million.

For the full year, the company said it is raising its adjusted earnings guidance to $0.65 to $0.71 per share, while revenue is still expected in the range of $362 million to $368 million. Analysts expect earnings of $0.67 per share on revenues of $365 million for the year.