Conceptus also said the stronger greenback and company initiatives related to competitive trials have also hurt its bottom line.

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Over the course of trading on Thursday and Friday last week, Conceptus shares rose 76% following news on Oct. that the company completed its first profitable quarter.

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After the market closed Thursday Conceptus, which makes a nonincisional permanent birth control method, cut its second-quarter and full-year outlooks, citing the weak economy and high unemployment, which it said is causing would-be patients to put off their doctor visits.

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