American Medical Systems Holdings Inc. (AMMD) posted third quarter GAAP net income of $28.6 million or $0.38 per share, compared to $3.5 million or $0.05 per share in the prior year period.
Included in the third quarter 2009 net income was a $17.4 million pre-tax gain on the sale of the Ovion technology as well as a $5.6 million pre-tax gain on the exchange of the majority of the company's 3.25% Convertible Senior Subordinated Notes due 2036, completed during the quarter.
Non-GAAP adjusted earnings for the quarter was $19.9 million or $0.27 per share, compared to $13.7 million or $0.18 per share in the comparable period last year.
On average, nine analysts polled by Thomson Reuters expected the company to report earnings of $0.20 per share. Analysts' estimates typically exclude special items.
Revenue for the period was $123.2 million, compared to $117.5 million in the previous year quarter. Excluding the impact of foreign currency fluctuations, third quarter revenue grew 6.7% over the same period last year.
Eight Wall Street analysts expected revenues of $116.79 million for the quarter.
Looking forward, for the fourth quarter, the company estimates non-GAAP adjusted earnings per share in the range of $0.29 to $0.33 and revenue in the range of $136 to $142 million.
Street analysts expect earnings of $0.32 per share on revenue of $136.58 million.
Further ahead, for the full year 2009, non-GAAP adjusted earnings per share is now forecast in the range of $1.10 to $1.14, compared to its earlier estimates in the range of $1.00 to $1.10. Revenue is now projected to range from $509 to $515 million, compared to its previous guidance in the range $495 to $510 million.
Street analysts expect earnings of $1.06 per share on revenues of $503.50 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.