STAAR Surgical Company (STAA) announced earnings for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $9.6 million, or $0.19 per share. This compares with $4.9 million, or $0.10 per share, in last year's first quarter.
Excluding items, STAAR Surgical Company reported adjusted earnings of $14.4 million or $0.29 per share for the period.
Analysts on average had expected the company to earn $0.08 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 24.4% to $63.2 million from $50.8 million last year.
STAAR Surgical Company earnings at a glance (GAAP) :
-Earnings (Q1): $9.6 Mln. vs. $4.9 Mln. last year.
-EPS (Q1): $0.19 vs. $0.10 last year.
-Analyst Estimate: $0.08
-Revenue (Q1): $63.2 Mln vs. $50.8 Mln last year.
-Guidance:
Full year revenue guidance: $295 Mln
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