Medical devices maker AngioDynamics Inc. (ANGO), Monday reported third-quarter net loss of about $1 million or $0.03 per share, narrower than $1.8 million or $0.07 per share last year.
Adjusted net income for the quarter improved to $2.8 million or $0.08 per share from $1.2 million or $0.05 per share last year.
On average, six analysts polled by Thomson Reuters expected the company to report earnings of $0.05 per share. Analysts' estimates typically exclude special items.
Net sales for the third quarter grew to $81.6 million from $51.6 million last year.
Analysts estimated sales of $81.7 million for the quarter.
Looking forward to the full year 2013, the company now expects adjusted earnings of $0.32 to $0.35 per share and revenues of $337 million to $341 million.
Previously, the company expected adjusted earnings of $0.40 - $0.42 per share and sales of $355 million - $360 million.
Analysts currently estimate earnings of $0.33 per share on revenues of $341.4 million.
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