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Glaukos beats Street 1Q forecasts

SAN CLEMENTE, Calif. (AP) _ Glaukos Corp. (GKOS) on Wednesday reported first-quarter net income of $878,000.

The San Clemente, California-based company said it had profit of 2 cents per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.

The glaucoma treatments developer posted revenue of $35.9 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $32.7 million.

Glaukos expects full-year revenue in the range of $162 million to $167 million.

Glaukos shares have climbed 39 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $47.62, more than doubling in the last 12 months.


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


Keywords: Glaukos, Earnings Report