Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Staar Surgical shares surge on strong 2Q sales, rosy outlook for rest of 2018

% of readers think this story is Fact. Add your two cents.


Staar Surgical Company (NASDAQ:STAA) shares rallied Thursday after the company reported a jump in second-quarter sales, beat market expectations on earnings and forecast stronger performance for the rest of 2018.

In a statement, the maker of implantable eye lenses said net sales hit US$33.9mln for the quarter, up 55% from the same period last year. Earnings per share stood at US$0.04, a reversal from the US$0.02 loss per share in the prior year quarter and analyst consensus estimates of a loss of US$0.01 for the second quarter.

Shares of California-based Staar climbed US$7.20, or by 22.6%, to US$39.10 near midsession Thursday, having hit a session peak of US$43.15. The shares of the company have more than doubled since the start of 2018.

“We continue to see a high level of momentum in our key international markets and therefore believe our second half sales growth may exceed 20% even taking into account our strong finish to 2017,” said Staar president chief executive Caren Mason.” In addition, we believe our full year fiscal 2018 sales growth may now exceed 25% compared with our prior target for sales growth closer to 20% over 2017, based on current market conditions.”

Mason said among sales were highlighted by strong performances in the following countries. “Japan (is) up 131%, China up 127%, Canada up 64% and India up 61% with solid 30% unit growth in Germany and 20% growth from our European distributors.”

Story by ProactiveInvestors


Source: http://www.proactiveinvestors.com/companies/news/202135/staar-surgical-shares-surge-on-strong-2q-sales-rosy-outlook-for-rest-of-2018-202135.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.