STAAR Surgical Company Q4 Profit Increases, beats estimates

STAAR Surgical Company (STAA) revealed earnings for its fourth quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $5.85 million, or $0.12 per share. This compares with $4.92 million, or $0.10 per share, in last year's fourth quarter.

Excluding items, STAAR Surgical Company reported adjusted earnings of $6.82 million or $0.14 per share for the period.

Analysts on average had expected the company to earn $0.05 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.5% to $64.04 million from $59.00 million last year.

STAAR Surgical Company earnings at a glance (GAAP) :

-Earnings (Q4): $5.85 Mln. vs. $4.92 Mln. last year.
-EPS (Q4): $0.12 vs. $0.10 last year.
-Analyst Estimate: $0.05
-Revenue (Q4): $64.04 Mln vs. $59.00 Mln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT