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Advanced Medical Optics (EYE) Tops Q4 Views

February 20, 2009 9:25 AM EST
EYE Hot Sheet
Today's EPS Names:
VSNT, CIM, KH, More
Advanced Medical Optics, Inc. (NYSE: EYE) reports Q4 EPS of $0.17, ex-items, 3 cents better than the analyst estimate of $0.14. Revenues for the quarter were $285.2 million, versus the consensus of $282.87 million.

On January 12, 2009, AMO and Abbott (NYSE: ABT) announced a definitive agreement for Abbott to acquire AMO for $22 per share in cash, for a total transaction value of approximately $2.8 billion, inclusive of estimated net debt at the time of close. The transaction is expected to close in the first quarter of 2009.

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