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Article: Advanced Medical Warns Again, Only to Get Upgraded
- Article from:
- Orange County Business Journal
- Article date:
- November 6, 2006
- Author:
CopyrightCopyright CBJ, L. P. Nov 6-Nov 12, 2006. Provided by ProQuest LLC. (Hide copyright information)
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Concordia Plans Nursing Classes; Orange Hospitals Show Up in Business Healthcare Survey
HEALTHCARE
What went down came up a day later for Santa Ana-based Advanced Medical Optics Inc.
Shares of the maker of contact lens solutions and eye surgery devices took a wild ride at the end of October.
On Oct. 26, Advanced Medical cut its annual profit forecasts for this year and 2007, its second downward revision in recent months.
The company cited slower-than-expected growth in devices used for refractive implant and laser vision surgeries. Advanced Medical also pointed to lower prices for cataract products in global markets.
For this year, Advanced Medical said it expects to make $109.8 million to ...