Health Business Week
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Health Business Week
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
Advanced Medical Optics, Inc.
Weakening Economy Prompts Advanced Medical Optics to Lower 2008 Guidance
October 24th, 2008
Advanced Medical Optics, Inc. (AMO) (NYSE:EYE) today lowered 2008 revenue guidance to a range of $1.17 billion to $1.20 billion and 2008 adjusted earnings-per-share (EPS) guidance to a range of $0.70 to $0.80. The company had previously forecasted a 2008 revenue range of $1.22 billion to $1.24 billion and a 2008 adjusted EPS range of $1.00 to $1.15. "The change in guidance reflects our view that deteriorating economic conditions are impacting our U.S. and European refractive procedure and system sales more significantly than we had previously anticipated," said Jim Mazzo, AMO chairman and chief executive officer. "In addition, our revised guidance reflects...
Source: Health Business Week (2008-10-24)
|
