LAKE FOREST, Calif. (AP) — LAKE FOREST, Calif. (AP) — Staar Surgical Co. (STAA) on Tuesday reported a loss of $3.3 million in its first quarter.
The Lake Forest, California-based company said it had a loss of 7 cents per share. Earnings, adjusted for stock option expense, were 6 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The maker of implantable lenses posted revenue of $77.4 million in the period.
Staar Surgical expects full-year revenue in the range of $335 million to $340 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STAA at https://www.zacks.com/ap/STAA
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
