ALPHARETTA, Ga. (AP) — ALPHARETTA, Ga. (AP) — Avanos Medical, Inc. (AVNS) on Wednesday reported a fourth-quarter loss of $397.3 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Alpharetta, Georgia-based company said it had a loss of $8.64. Earnings, adjusted for one-time gains and costs, came to 43 cents per share.
The medical technology company posted revenue of $179.6 million in the period.
For the year, the company reported that its loss widened to $392.1 million, or $8.53 per share. Revenue was reported as $687.8 million.
Avanos Medical expects full-year earnings in the range of $1.05 to $1.25 per share, with revenue in the range of $665 million to $685 million.
Avanos Medical shares have decreased slightly more than 2% since the beginning of the year. The stock has dropped 19% in the last 12 months.
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