STAAR Surgical Company Q3 Profit Increases, beats estimates

(RTTNews) - STAAR Surgical Company (STAA) reported a profit for its third quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $10.26 million, or $0.21 per share. This compares with $6.02 million, or $0.12 per share, in last year's third quarter.

Excluding items, STAAR Surgical Company reported adjusted earnings of $18.12 million or $0.37 per share for the period.

Analysts on average had expected the company to earn $0.13 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 30.3% to $76.05 million from $58.35 million last year.

STAAR Surgical Company earnings at a glance (GAAP) :

-Earnings (Q3): $10.26 Mln. vs. $6.02 Mln. last year. -EPS (Q3): $0.21 vs. $0.12 last year. -Analyst Estimate: $0.13 -Revenue (Q3): $76.05 Mln vs. $58.35 Mln last year.