AngioDynamics Inc. Q2 Loss Decreases, Beats Estimates

(RTTNews) - AngioDynamics Inc. (ANGO) revealed Loss for second quarter that decreased from last year but beat the Street estimates.

The company's earnings came in at -$10.738 million, or -$0.26 per share. This compares with -$29.048 million, or -$0.72 per share, in last year's second quarter.

Excluding items, AngioDynamics Inc. reported adjusted earnings of -$1.742 million or -$0.04 per share for the period.

Analysts on average had expected the company to earn -$0.11 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 7.9% to $72.845 million from $79.073 million last year.

AngioDynamics Inc. earnings at a glance (GAAP) :

-Earnings (Q2): -$10.738 Mln. vs. -$29.048 Mln. last year. -EPS (Q2): -$0.26 vs. -$0.72 last year. -Revenue (Q2): $72.845 Mln vs. $79.073 Mln last year.