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Staar Surgical posts 4Q loss

MONROVIA, Calif. (AP) _ Staar Surgical Co. (STAA) on Thursday reported a loss of $166,000 in its fourth quarter.

On a per-share basis, the Monrovia, California-based company said it had a loss of less than 1 cent. Earnings, adjusted for non-recurring costs and stock option expense, came to 2 cents per share.

The maker of implantable lenses posted revenue of $22.1 million in the period.

For the year, the company reported that its loss widened to $12.1 million, or 30 cents per share. Revenue was reported as $82.4 million.

Staar Surgical shares have fallen 6 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $10.18, an increase of 61 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 STAA at https://www.zacks.com/ap/STAA


Keywords: Staar Surgical, Earnings Report