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Avanos Medical: 3Q Earnings Snapshot

November 6, 2018

ALPHARETTA, Ga. (AP) _ Avanos Medical, Inc. (AVNS) on Tuesday reported third-quarter net income of $4.2 million.

The Alpharetta, Georgia-based company said it had profit of 9 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, were 37 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.

The medical technology company posted revenue of $165.1 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $166.1 million.

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

Avanos Medical shares have risen 27 percent since the beginning of the year. The stock has risen 24 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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