LAKE FOREST, Calif. (AP) — LAKE FOREST, Calif. (AP) — Staar Surgical Co. (STAA) on Wednesday reported first-quarter profit of $5.2 million.
The Lake Forest, California-based company said it had net income of 10 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and stock option expense, were 38 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.
The maker of implantable lenses posted revenue of $93.5 million in the period.
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