AngioDynamics 3Q Profit Falls On Higher Costs

QUEENSBURY, N.Y. (AP) — Medical device maker AngioDynamics Inc. said Thursday its fiscal third-quarter profit plunged due to higher costs that included acquisitions and the replacement of its chief executive.

For the quarter ended Feb. 28, AngioDynamics reported net income of $1.9 million, or 8 cents per share, compared with profit of $4.9 million, or 20 cents per share, a year prior. Revenue rose 21 percent to $49.4 million from $40.7 million.

The prior year results included a one-time litigation gain. ...