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Avanos Medical: 2Q Earnings Snapshot

August 7, 2018

ALPHARETTA, Ga. (AP) _ Avanos Medical, Inc. (AVNS) on Tuesday reported second-quarter earnings of $35.3 million.

On a per-share basis, the Alpharetta, Georgia-based company said it had net income of 73 cents. Earnings, adjusted to account for discontinued operations, came to 48 cents per share.

The medical technology company posted revenue of $160.9 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $157.4 million.

Avanos Medical expects full-year earnings in the range of $1.75 to $1.90 per share.

Avanos Medical shares have risen 26 percent since the beginning of the year. The stock has risen 36 percent 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

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