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BUZZ-Smith & Nephew: weak FY rev outlook

Reuters - UK Focus

** Smith & Nephew (Frankfurt: 502816 - news) falls as much as 3.5% in decent volume before erasing losses (+0.1%)

** Says revenue growth for FY will be at lower end of its 3-4 pct guidance

** Revenue $1.15 bln for the quarter, up 3 pct. Analysts had expected $1.16 bln, around the middle of $1.139-1.184 bln range

** Management commentary that they will likely be at the bottom end of their guidance range for FY is likely to temper enthusiasm regarding possible acceleration of the business from here - AB Bernstein (RM (LSE: RM.L - news) :hanna.paul.thomsonreuters.com@reuters.net)