Glaukos: Q1 Earnings Snapshot
By AP News
Published - May 03, 2023, 05:39 PM ET
Last Updated - Jun 21, 2023, 11:12 PM EDT
ALISO VIEJO, Calif. (AP) — ALISO VIEJO, Calif. (AP) — Glaukos Corp. (GKOS) on Wednesday reported a loss of $34.6 million in its first quarter.
On a per-share basis, the Aliso Viejo, California-based company said it had a loss of 72 cents. Losses, adjusted for non-recurring costs, came to 59 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 61 cents per share.
The glaucoma treatments developer posted revenue of $73.9 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $67 million.
