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Glaukos: Q3 Earnings Snapshot
By AP News - Nov 04, 2024, 04:26 PM ET
Last Updated - Dec 16, 2024, 05:41 PM EST
ALISO VIEJO, Calif. (AP) — ALISO VIEJO, Calif. (AP) — Glaukos Corp. (GKOS) on Monday reported a loss of $21.4 million in its third quarter.
The Aliso Viejo, California-based company said it had a loss of 39 cents per share. Losses, adjusted for amortization costs and costs related to mergers and acquisitions, were 28 cents per share.
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The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 52 cents per share.
The glaucoma treatments developer posted revenue of $96.7 million in the period, also surpassing Street forecasts. Nine analysts surveyed by Zacks expected $91.3 million.
Glaukos expects full-year revenue in the range of $377 million to $379 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 GKOS at https://www.zacks.com/ap/GKOS
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