Wednesday, April 6, 2011

AngioDynamics 3Q profit up as oncology sales rise

ALBANY, N.Y. (AP) -- Medical device maker AngioDynamics Inc. on Tuesday reported a higher profit for its fiscal third quarter in which it posted a 19 percent rise in sales in its oncology/surgery division.

AngioDynamics said its net income rose 14 percent to $3.8 million, or 15 cents per share, in the quarter ended Feb. 28, up from $3.3 million, or, 13 cents per share, a year ago. Revenue rose to $54.6 million from $52.2 million. The revenue boost was offset by higher expenses, but lower income taxes pushed the company to a higher profit.

Analysts polled by FactSet expected net income of 13 cents per share and $54.3 million in revenue.

No comments:

Post a Comment