Ahead of the Bell: Medical Devices (AP)

A weak euro will likely lead medical device maker to cut guidance for the remainder of 2010, an analyst said Wednesday. Brean Murray Carret & Co. analyst Jose Haresco said recent weakness in the euro, the currency used by 16 European nations, and uncertainty surrounding its rebound will likely hurt revenue and profit and prompt conservative growth expectations.

This entry was posted on Wednesday, June 9th, 2010 at 7:36 am and is filed under Currencies, General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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