AngioDynamics Q1 Loss Narrows - Quick Facts

(RTTNews) - AngioDynamics Inc. (ANGO) Thursday said first-quarter loss narrowed to $0.4 million or $0.01 per share from $0.7 million or $0.02 per share in the same period last year.

Adjusted earnings for the quarter was $1.3 million or $0.04 per share. On average, four analysts polled by Thomson Reuters expected the company to earn $0.03 per share for the quarter.

Sales totaled $83.6 million, up slightly from $83.4 million last year. Analysts expected sales of $82.54 million.

Looking ahead to the second quarter, the company has forecast earnings in the range of $0.12 to $0.15 per share, with revenues ranging between $85 million and $88 million. Analysts currently expect the company to earn $0.08 per share on second-quarter revenues of $87.16 million.

For the fiscal 2014, the company currently projects earnings in the range of $0.63 to $0.67 per share, with revenues in the order of $347 million to $353 million. Analysts currently expect full-year earnings of $0.32 per share and revenues of $348.67 million.