LAKE FOREST, Calif. (AP) — LAKE FOREST, Calif. (AP) — Staar Surgical Co. (STAA) on Monday reported fourth-quarter earnings of $7.8 million.
On a per-share basis, the Lake Forest, California-based company said it had net income of 16 cents. Earnings, adjusted for non-recurring costs, were 24 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.
The maker of implantable lenses posted revenue of $76.3 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $76.5 million.
For the year, the company reported profit of $21.3 million, or 43 cents per share. Revenue was reported as $322.4 million.
Staar Surgical expects full-year revenue in the range of $335 million to $340 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