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Visx revenue down in third quarter

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SANTA CLARA, Calif. — Third quarter revenue for refractive laser manufacturer Visx decreased to $30.6 million from last year’s $37 million, the company announced.

Net income for the 3rd quarter declined from $4.5 million compared with $4.8 million in the comparable period of 2001. Total system sales revenue was marked by a 20% decrease for the third quarter, and a 24% decrease for the nine months from the comparable period of the previous year.

According to Visx, the drop in revenue is characterized by decreased consumer confidence in the current economic environment. For the fourth quarter of 2002, the company anticipates that total revenues will be flat sequentially.