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Glaukos tops Street 4Q forecasts

SAN CLEMENTE, Calif. (AP) _ Glaukos Corp. (GKOS) on Wednesday reported fourth-quarter net income of $134,000, after reporting a loss in the same period a year earlier.

On a per-share basis, the San Clemente, California-based company said it had profit of less than 1 cent.

The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

The glaucoma treatments developer posted revenue of $33.2 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $29.4 million.

For the year, the company reported net income of $4.5 million, or 12 cents per share, swinging to a profit in the period. Revenue was reported as $114.4 million.

Glaukos expects full-year revenue in the range of $160 million to $165 million.

Glaukos shares have increased 33 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $45.79, 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