ALPHARETTA, Ga. (AP) — ALPHARETTA, Ga. (AP) — Avanos Medical, Inc. (AVNS) on Tuesday reported first-quarter net income of $6.6 million, after reporting a loss in the same period a year earlier.
The Alpharetta, Georgia-based company said it had profit of 14 cents per share. Earnings, adjusted for one-time gains and costs, came to 26 cents per share.
The medical technology company posted revenue of $167.5 million in the period.
Avanos Medical expects full-year earnings in the range of 75 cents to 95 cents per share, with revenue in the range of $665 million to $685 million.
Avanos Medical shares have declined 23% since the beginning of the year. The stock has fallen 38% in the last 12 months.
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