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Lewis O'neal  |  by www.tradingmarkets.com. All rights reserved. 25.12 | 23:50

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(RTTNews) - Wednesday morning, FoxHollow Technologies ( | | | ) slashed its fourth quarter revenue forecast to $44-$46 million from prior guidance for revenues of $54-$56 million in the quarter. Analysts expect revenues of $54.68 million.

John Simpson, CEO, commented, "We are disappointed by the sales results we have seen this quarter. The slowdown in SilverHawk sales has prompted us to conduct an extensive analysis of our internal programs as well as the market environment in which we are operating." FoxHollow Technologies closed up 5 cents at $23.

33 Tuesday. The stock is down $3.33 on 12K shares in pre-market trading Wednesday.

This morning's losses are in line with the stock's downtrend since late November.

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