UPDATE 1-AngioDynamics Q4 profit misses Street, sees weak 2010

Thu Jul 16, 2009 11:18pm BST
 
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* Q4 EPS $0.14 misses Street by 1 cent

* Revenue rises 13 pct to $52.8 mln

* Sees fiscal 2010 EPS $0.43 to $0.47

* Sees 2010 revenue in range of $209-$215 mln

* Shares down 8 pct after the bell

July 16 (Reuters) - Medical-devices supplier AngioDynamics Inc (ANGO.O) posted a lower-than-expected quarterly profit, hurt by lower margins, and forecast 2010 results below expectations, sending its shares down.

For the fourth quarter, the company reported a net income of $2.9 million, or 12 cents a share, compared with $519,000, or 2 cents, a year ago.

Excluding items, the company earned 14 cents a share.

Revenue rose 13 percent to $52.8 million.  Continued...

 

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