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Advanced Medical Optics, Inc.
Advanced Medical Optics Reports Fourth-Quarter and Full-Year 2007 Results
February 29th, 2008
Advanced Medical Optics, Inc. (AMO) (NYSE:EYE), reported financial results for the fourth quarter and full year 2007, revised financial guidance for 2008 and announced plans to reduce fixed costs. The company's fourth-quarter 2007 net sales rose 25.0% to $304.6 million on organic growth, the acquisitions of IntraLase Corp. and WaveFront Sciences, Inc. and includes a 5.3% increase related to foreign currency impacts. On a pro forma basis, the company's fourth-quarter sales rose 7.3%. The pro forma sales growth rate reflects comparisons that include the IntraLase and WaveFront Sciences performance as if the acquisitions had occurred in all periods presented....
Source: Health Business Week (2008-02-29)
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