Avanos Medical: 2Q Earnings Snapshot
Aug. 07, 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.