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American Medical Systems Holdings Inc. Announces Strong Fourth Quarter 2009 Revenue Performance


1/11/2010 9:07:43 AM

MINNEAPOLIS--(BUSINESS WIRE)--In anticipation of presenting at the JP Morgan Healthcare Conference on January 12, 2010, American Medical Systems Holdings, Inc. (NASDAQ: AMMD) reported today preliminary sales of $146.0 million for the fourth quarter of 2009, a 9.0 percent increase over sales of $134.0 million in the comparable quarter of 2008. The weakening of the U.S. dollar compared to the fourth quarter of 2008 positively affected revenue comparisons for the quarter by $3.9 million. Adjusting for the positive impact of the weaker U.S. dollar results in fourth quarter growth of 6.1 percent over the same period last year. The preliminary fourth quarter revenue of $146.0 million exceeds the Company’s guidance issued on November 4, 2009, of $136 to $142 million.

Read at BioSpace.com


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