UPDATE: AngioDynamics Posts Rise In FQ1 Revenue
AngioDynamics (NASDAQ: ANGO) posted a loss in its fiscal first-quarter.
AngioDynamics posted a quarterly net loss of $721 million, or $0.02 per share, versus a year ago profit of $1.3 billion, or $0.05 per share. Excluding one-time items, AngioDynamics earned $0.10 per share.
Its revenue surged 53% to $83.4 million from $54.4 million. However, analysts were expecting earnings of $0.10 per share on revenue of $85.3 million.
AngioDynamics shares dipped 6.32% to $12.01 in after-hours trading.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.