Business & Finance

ArthroCare expects fourth quarter 2006 revenues of approximately $69.7 million

Published in Medical Patent Law Weekly, February 7th, 2007

ArthroCare Corp. (ARTC), a leader in developing state-of-the-art, minimally invasive surgical products, announced that it received certain patent licenses from MarcTec, settling a patent infringement lawsuit, and that ArthroCare's effective fourth quarter tax rate would be reduced.

The company also confirmed that it expects fourth quarter earnings of approximately $0.33 per share and full year earnings of approximately $1.17 per share, prior to the cumulative impact of the settlement costs and tax benefit. Fourth quarter revenues are expected to be approximately $69.7 million, at the current First Call consensus. "Revenues increased in all divisions on both a sequential...

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Source: Medical Patent Law Weekly (2007-02-07)

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