AngioDynamics (ANGO) Reports In-Line Q2 EPS; Trims FY16 Outlook

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AngioDynamics (ANGO) PT Cut at Piper Jaffray

January 8, 2016 7:34 AM EST

AngioDynamics (NASDAQ: ANGO) met expectations for its Q2 (Nov) revenues and earnings, but cut guidance for the remainder of the year as the vascular access business has been adjusting to a Q3 recall from last year. Piper Jaffray analyst, Thomas Gunderson, lowered numbers as a result.

The Morpheus product was taken off the market, and the sales force diverted effort to try to retain customers. Not only was retention more... More