Conceptus (CPTS -2%) remains in the red despite bouncing back from steep losses at the open...

|By:, SA News Editor

Conceptus (CPTS -2%) remains in the red despite bouncing back from steep losses at the open after saying its 2011 sales will fall short of previous estimates. The women's healthcare developer now expects 2011 sales between $126M - $128M, down from previous guidance of $132M - $136M, and below analysts' consensus of $132M. Separately, the company announces the appointment Keith Grossman as its President and CEO.