Avanos Medical: Q1 Earnings Snapshot

ALPHARETTA, Ga. (AP) — ALPHARETTA, Ga. (AP) — Avanos Medical, Inc. (AVNS) on Wednesday reported a first-quarter loss of $500,000, after reporting a profit in the same period a year earlier.

The Alpharetta, Georgia-based company said it had a loss of 1 cent per share. Earnings, adjusted for one-time gains and costs, came to 27 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.

The medical technology company posted revenue of $191.7 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $194.7 million.

Avanos Medical expects full-year earnings in the range of $1.60 to $1.80 per share.

Avanos Medical shares have climbed 7% since the beginning of the year. The stock has fallen almost 1% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AVNS at https://www.zacks.com/ap/AVNS

Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up