Avanos Medical, Inc. (AVNS) announced a profit for its fourth quarter that increased from the same period last year but missed the Street estimates.
The company's earnings came in at $11 million, or $0.24 per share. This compares with $9.7 million, or $0.21 per share, in last year's fourth quarter.
Excluding items, Avanos Medical, Inc. reported adjusted earnings of $14.6 million or $0.32 per share for the period.
Analysts on average had expected the company to earn $0.37 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 4.6% to $173.3 million from $181.6 million last year.
Avanos Medical, Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $11 Mln. vs. $9.7 Mln. last year.-EPS (Q4): $0.24 vs. $0.21 last year.-Analyst Estimate: $0.37-Revenue (Q4): $173.3 Mln vs. $181.6 Mln last year.
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