Avanos (AVNS) Q2 Earnings Top Estimates, Gross Margin Contracts

Avanos Medical, Inc. (AVNS) reported second-quarter 2024 adjusted earnings per share (EPS) from continuing operations of 34 cents, up 41.7% year over year. The bottom line surpassed the Zacks Consensus Estimate by 17.2%.GAAP EPS from continuing operations in the quarter under review was 9 cents against the year-ago period’s loss of 9 cents per share.RevenuesRevenues grossed $171.7 million in the reported quarter, up 1.4% year over year. The metric beat the Zacks Consensus Estimate by 0.4%.Organic sales were ...