Advanced Medical Optics Inc. slashed its 2007 expectations to a loss to reflect the estimated impact of the company’s global recall of MoisturePlus contact lens solution.
The maker of eye care products and surgery equipment said it now expects 2007 adjusted loss of 95 cents to $1.15 a share, compared with its previous forecast for adjusted earnings of $1.40 to $1.55 per share.
It now expects revenue of $1.05 billion to $1.07 billion down from prior range of $1.15 billion to $1.18 billion.
