Agiliti: Q2 Earnings Snapshot

August 9, 2022 GMT

EDEN PRAIRIE, Minn. (AP) _ Agiliti Inc. (AGTI) on Tuesday reported second-quarter net income of $5 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Eden Prairie, Minnesota-based company said it had profit of 4 cents. Earnings, adjusted for one-time gains and costs, were 19 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.

The medical equipment services provider posted revenue of $274 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $288.4 million.

Agiliti expects full-year earnings in the range of 89 cents to 94 cents per share, with revenue in the range of $1.16 billion to $1.19 billion.

Agiliti shares have decreased 21% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $18.35, a decrease of 4% in the last 12 months.

ADVERTISEMENT

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AGTI at https://www.zacks.com/ap/AGTI