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A Rough Day for American Medical

...American Medical had preliminary sales of $108.4 million for the first quarter of 2007, a 47% increase compared to the same period last year.

But a previous forecast had been for $113 to $118 million.

Growth was 11%, excluding the company's July 2006 acquisition of the medical laser systems company Laserscope for $718 million.

Meanwhile the company's first quarter reported earnings per share will be in the range of 5 to 7 cents, compared to the consensus forecast of 14 cents.

American Medical says it suffered from inventory shortfalls.

"This quarter, vendor quality issues, combined with performance shortfalls in our internal manufacturing and demand planning efforts, resulted in an inability to consistently meet demand for several key product lines," CEO Martin J.

Emerson said in a statement Apr.

10.

To be sure, And about 800,000 men suffer from severe urinary incontinence, resulting most often from damage done during prostate surgery.

But American Medical Systems says doctors have been waiting to see the preliminary clinical data on AdVance, its new treatment for male incontinence; the delay has hurt recent business.

Other setbacks include product availability iss...

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