LAKE FOREST, Calif. (AP) — LAKE FOREST, Calif. (AP) — Staar Surgical Co. (STAA) on Wednesday reported a loss of $16.8 million in its second quarter.
On a per-share basis, the Lake Forest, California-based company said it had a loss of 34 cents. Losses, adjusted for stock option expense and restructuring costs, came to 7 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 56 cents per share.
The maker of implantable lenses posted revenue of $44.3 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $41.6 million.
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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
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