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Avanos Medical: 1Q Earnings Snapshot

ALPHARETTA, Ga. (AP) _ Avanos Medical, Inc. (AVNS) on Tuesday reported a first-quarter loss of $20.3 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Alpharetta, Georgia-based company said it had a loss of 43 cents. Earnings, adjusted for one-time gains and costs, came to 15 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.

The medical technology company posted revenue of $164.2 million in the period.

Avanos Medical expects full-year earnings in the range of $1.15 to $1.35 per share.

Avanos Medical shares have risen 4% since the beginning of the year. The stock has fallen 13% 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