AngioDynamics Q4 Loss Narrows

(RTTNews) - AngioDynamics Inc. (ANGO) reported a net loss for the fourth quarter of $0.8 million or $0.02 per share, compared to a net loss of $1.2 million or $0.03 per share for the year-ago quarter.

Excluding items, adjusted net income for the fourth quarter was $5 million or $0.14 per share, compared to $6.2 million or $0.17 per share in the prior year quarter.

Net sales for the fourth quarter fell to $90.9 million from $94.1 million a year earlier.

Analysts polled by Thomson Reuters expected the company to earn $0.14 per share on revenue of $91.67 million for the fourth quarter. Analysts' estimates typically exclude special items.

Looking forward to the first quarter, the company forecasts net sales of $83 million to $87 million and adjusted earnings without amortization of $0.10 to $0.12 per share. Analysts currently expect the company to earn $0.14 per share on revenue of $88.51 million for the first quarter.

For the fiscal year 2016, the company forecasts net sales of $364 million to $370 million and adjusted earnings per share without amortization of $0.62 to $0.66. Analysts currently expect the company to earn $0.85 per share on revenue of $367.96 million for the fiscal year 2016.