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Guidant says third-quarter revenues will miss forecasts

This article was originally published in Clinica

Executive Summary

Guidant has warned that its third-quarter sales will be below analysts' expectations by some $45 million, due in part to the falling euro, but mainly due to lower coronary stent sales. Guidant's shares dropped 19% to around $56 on the warning, despite the simultaneous announcement of FDA approval for the MULTI-LINK TETRA stent.

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