CORRECTION: AngioDynamic Expects FY2024 Gross Margin To Be Approximately 52%-54% And Adjusted EPS of $(0.54) To $(0.58) Versus Consensus Of $(0.43)
Portfolio Pulse from Benzinga Newsdesk
AngioDynamic has revised its FY2024 financial outlook, expecting a gross margin of 52%-54% and an adjusted EPS of $(0.54) to $(0.58), which is below the consensus estimate of $(0.43).
April 04, 2024 | 4:13 pm
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AngioDynamic has updated its FY2024 financial guidance, projecting a gross margin between 52%-54% and an adjusted EPS of $(0.54) to $(0.58), which is less favorable than the consensus estimate of $(0.43).
The revised financial outlook for AngioDynamic indicates a less favorable performance than previously expected by analysts, as evidenced by the adjusted EPS being lower than the consensus estimate. This discrepancy is likely to negatively impact investor sentiment and could lead to a short-term decrease in the stock price.
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