U.S. Markets open in 42 mins

Iridex reports 1Q loss

MOUNTAIN VIEW, Calif. (AP) _ Iridex Corp. (IRIX) on Wednesday reported a first-quarter loss of $1.9 million, after reporting a profit in the same period a year earlier.

The Mountain View, California-based company said it had a loss of 16 cents per share.

The medical laser company posted revenue of $10.5 million in the period.

Iridex expects full-year revenue in the range of $46 million to $49 million.

Iridex shares have fallen 25 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $10.54, a decline of 12 percent 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 IRIX at https://www.zacks.com/ap/IRIX

_____

Keywords: Iridex, Earnings Report