LAKE FOREST, Calif. (AP) — LAKE FOREST, Calif. (AP) — Staar Surgical Co. (STAA) on Wednesday reported first-quarter earnings of $2.7 million.
On a per-share basis, the Lake Forest, California-based company said it had net income of 5 cents. Earnings, adjusted for one-time gains and costs, were 18 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
The maker of implantable lenses posted revenue of $73.5 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $66.3 million.
Staar Surgical expects full-year revenue of $348 million.
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