Stock Twiter's  Instablog

Stock Twiter
Send Message
FOR SUBSCRIBERS Stocktwiter.com staff strives to provide its members, whether free or premium, the best stock alerts in the market! Our focus is on small cap stocks that trade on NYSE, NASD, AMEX, OTCBB, and OTC exchanges, and are mostly referred to as "penny stocks". These are stocks that... More
My company:
Stock Twiter
My blog:
Stock Twiter, The #1 Social Media Financial Newsletter
  • Third Quarter Profits For American Medical Systems (AMMD) Goes Down 0 comments
    Nov 26, 2010 1:19 PM | about stocks: AMMD
    Surgical products maker American Medical Systems Holdings Inc. (NASDAQ:AMMD) has reported a lower profit for the third quarter, despite higher revenues, mainly reflecting the absence of last year's gains on extinguishment of debt and sale of non-strategic assets.

    AMMD reported third quarter net income of $18.6 million, or $0.24 per share. This compares to net income and earnings per share in the same quarter last year of $28.6 million, or $0.38, which included a $17.4 million gain on the sale of the Ovion technology and a $5.6 million gain on the exchange of convertible notes.

    The strengthening of the U.S. dollar compared to the third quarter of 2009 negatively affected revenue comparisons for the quarter by $1.4 million. AMMD adjusted the impact of foreign currency results in third quarter revenue growth of 1.8 percent over the same quarter last year.

    Looking ahead to the fourth quarter, the company expects revenue in the range of $141 million to $146 million and adjusted earnings in the range of $0.35 to $0.38 per share.

    American Medical Systems (AMMD), headquartered in Minnetonka, Minnesota, is a diversified supplier of medical devices and procedures to cure incontinence, erectile dysfunction, benign prostate hyperplasia (BPH), pelvic floor prolapse and other pelvic disorders in men and women.

    Stock Twiter

    Social Media's #1 Financial Newsletter Reaching Over 105,000 Readers!

    Join Our FREE Newsletter! http://stocktwiter.com/

    Join us on Twitter!
    http://twitter.com/thestocktwiter

    Disclaimer: http://www.stocktwiter.com/legal-disclaimer/
     



    Disclosure: "No Positions"
    Stocks: AMMD
Back To Stock Twiter's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • Dell Inc. (Dell), the world's third-largest maker of personal computers, agreed to buy software company Boomi.
    Nov 3, 2010
  • A German car company could end up being the world leader in auto-making. Volkswagen AGCO, the world's third-largest auto company.
    Oct 27, 2010
  • Higher Sales Increase Coach (COH) Profits by 34% Coach, Inc.(COH) on Tuesday posted higher-than-expected third quarter earnings.
    Oct 27, 2010
More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.