Tuesday, AngioDynamics Inc. (ANGO) reported second-quarter net income of $3.1 million or $0.13 per share, compared to $2.9 million or $0.12 per share in the same quarter last year.
On average, seven analysts polled by Thomson Reuters expected the company to earn $0.11 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter were $53.5 million, up 10% increase from $48.5 million in the comparable quarter last year. Analysts expected the company to report revenue of $51.97 million for the quarter.
Looking ahead to the full year 2010 the company lifted its guidance and expects net sales in the range of $214 million - $217 million, compared to its previous guidance range of of $211 million - $215 million. Earnings for the fiscal year is expected to be in the range of $0.46 - $0.48, compared to its previous guidance of $0.45 - $0.47 per share. Analysts currently anticipate the company to earn $0.46 per share on revenue of $212.60 million for the quarter.
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