American Medical Systems Holdings Inc. Announces Second Quarter 2010 Financial Results
Published: Aug 04, 2010
MINNEAPOLIS--(BUSINESS WIRE)--American Medical Systems Holdings, Inc. (NASDAQ: AMMD) reported sales of $136.4 million for the second quarter of 2010, a 7.9 percent increase over sales of $126.4 million in the comparable quarter of 2009. Adjusting for the negative impact of $1.4 million due to fluctuations in foreign exchange rates since the time the second quarter guidance was issued; revenue would have achieved the upper end of the guidance range. Conversely, compared to the prior year, foreign exchange had a minimal favorable impact, resulting in second quarter constant currency growth of 7.6 percent. Further adjusting revenue for the impact of the Her Option® product line, which was sold during the first quarter of 2010, results in constant currency growth of 9.1 percent.