Medical Device Maker’s Stock Takes a Hit

  • AngioDynamics shares down 17% after reporting Q1 loss
  • Net loss of $12.8M compared to $45.9M profit in same quarter last year
  • Adjusted loss of 11 cents a share, revenue $67.5M (down 14%) vs. expected 15 cents, $67.9M

AngioDynamics, a medical device company, reported a fiscal first-quarter loss and lower-than-expected revenue, causing shares to drop by 17%. The stock has lost about 20% of its value since the beginning of the year. The company’s net loss was $12.8M compared to a profit of $45.9M in the same quarter last year. Adjusted loss per share was 11 cents, with revenue at $67.5M (down 14%). Analysts expected an adjusted loss of 15 cents and $67.9M. The company maintains its sales outlook between $282M-$288M and adjusted loss between 42 cents-38 cents a share, which is in line with analyst expectations.

Factuality Level: 9
Factuality Justification: The article provides accurate and objective information about the company’s financial performance, including specific numbers and comparisons to previous quarters and analyst expectations.
Noise Level: 7
Noise Justification: The article provides relevant financial information about the company’s performance but lacks in-depth analysis or exploration of long-term trends or consequences of decisions. It also does not offer actionable insights or new knowledge for readers.
Public Companies: AngioDynamics (ANGO)
Key People: Connor Hart (Author)

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Financial Relevance: Yes
Financial Markets Impacted: Yes
Financial Rating Justification: The article discusses the financial performance of AngioDynamics, a medical-device maker, which led to a decrease in its stock price and impacts the company’s value. It also mentions the impact on financial analyst expectations for the company’s sales and adjusted loss per share.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article and it does not meet the criteria for an extreme event within the last 48 hours.
Move Size: The market move size mentioned in the article is 17%.
Sector: Healthcare
Direction: Down
Magnitude: Large
Affected Instruments: Stocks

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