AngioDynamics Boosts Annual Profit, Sales Views

QUEENSBURY, N.Y. (AP) — Medical device maker AngioDynamics Inc. tightened its fiscal 2010 forecasts Tuesday after reporting first-quarter results that exceeded Wall Street estimates.

The company now expects a profit of 45 cents to 47 cents per share, up from 43 cents to 47 cents per share. It called for $211 million to $215 million in sales, up from $209 million to $215 million. On average, analysts expect a profit of 45 cents per share and $209.9 million in revenue, according to Thomson Reuters.

The profit forecasts include 24 cents per share in spending on investments in irreversible electroporation technology, or IRE. IRE is intended to treat tumors with electrical pulses.

Shares of AngioDynamics picked up 15 cents to $14 in aftermarket trading after the company's earnings and outlook were released. Earlier, in the regular session, AngioDynamics shares fell 16 cents to $13.85.