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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.

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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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