Categories AlphaGraphs, Earnings, Health Care

ANGO Earnings: AngioDynamics swings to profit in Q4; revenues beat estimates

AngioDynamics Inc. (NASDAQ: ANGO) on Tuesday reported a modest profit for the fourth quarter of 2022 compared to breakeven last year. Revenues increased in double-digits and topped expectations.

AngioDynamics Q4 2022 earnings infographic

The medical device maker reported adjusted earnings of one cent during the three-month period, marking an improvement from the prior-year quarter when the bottom line was breakeven. The latest number came in line with the consensus estimates.

Revenues increased 13% year-over-year to $86.9 million in the May quarter and topped analysts’ forecast. The top line benefitted from strong performance by all three operating segments.


Check this space to read management/analysts’ comments on AngioDynamics’ Q4 2022 earnings


“We delivered on the strategic objectives for the fiscal year 2022 that we laid out a year ago during our Investor and Technology Day while managing through a number of macro-related headwinds, including supply chain disruptions and ongoing inflationary pressures. During our fourth quarter, we reduced our backlog as our manufacturing capacity improved, exiting the quarter more than 40% above the lows we experienced in December,” said AngioDynamics’ CEO Jim Clemmer.

Most Popular

What to look for when Hormel Foods (HRL) reports Q4 2023 earnings

Shares of Hormel Foods Corporation (NYSE: HRL) were down over 1% on Monday. The stock has dropped 29% year-to-date. The food company is set to report its fourth quarter 2023 earnings

Kroger set to report Q3 results. Here’s everything you need to know

The Kroger Co. (NYSE: KR), a leading grocery retailer that operates both in-store and online, will be reporting earnings this week. The company, which is preparing to acquire rival retailer

Earnings Preview: Salesforce will likely deliver another strong quarter

Salesforce, Inc. (NYSE: CRM) achieved accelerated sales growth and profitability in recent quarters, in line with its transformation goal. The customer relationship management platform bets on new opportunities in generative

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top