Why AngioDynamics Stock Soared 10% Today
Shares of AngioDynamics (NASDAQ: ANGO) stock, the maker of "NanoKnife" surgical tools for zapping cancer cells with electricity, surged in Thursday morning trading -- up 10.1% as of 11:55 a.m. ET -- after beating analyst earnings targets.
Heading into fiscal Q3 2022, analysts had forecast that AngioDynamics would lose $0.01 per share for the quarter on sales of $76.3 million. AngioDynamics came up a bit short on revenue, collecting just $74 million -- but the company beat earnings expectations nonetheless, reporting a $0.03-per-share profit where Wall Street had expected a loss.
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Source Fool.com
