AngioDynamics appoints new CEO amid Q1 earnings report
2 reports, 2 independent
Updated Oct 8
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What happened
Eric Honroth, Global President of Life Science at Getinge, was named the new CEO of AngioDynamics. AngioDynamics reported Q1 earnings that beat analyst forecasts for sales and pro forma loss, but the company's stock tumbled 20.7%.
From aol.com
Why it matters
The leadership change comes after AngioDynamics experienced six consecutive years of losses. Although the company exceeded revenue expectations, its year-over-year growth was only 6.9%, and its GAAP loss was $0.17 per share.
From aol.com
Who's involved
- GetingeEmployer of Eric Honroth, who was named CEO of AngioDynamics
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The entities involved
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Getinge
urban area in Halmstad Municipality, Sweden