ALPHARETTA, Ga. (AP) — ALPHARETTA, Ga. (AP) — Avanos Medical, Inc. (AVNS) on Wednesday reported a fourth-quarter loss of $397.3 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Alpharetta, Georgia-based company said it had a loss of $8.64. Earnings, adjusted for one-time gains and costs, came to 43 cents per share.
The medical technology company posted revenue of $179.6 million in the period.
For the year, the company reported that its loss widened to $392.1 million, or $8.53 per share. Revenue was reported as $687.8 million.
Avanos Medical expects full-year earnings in the range of $1.05 to $1.25 per share, with revenue in the range of $665 million to $685 million.
Avanos Medical shares have decreased slightly more than 2% since the beginning of the year. The stock has dropped 19% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AVNS at https://www.zacks.com/ap/AVNS
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.