Tearlab (TEAR) Reports In-Line Q3 EPS; Jensen to Succeed Vamvakas as CEO

Tearlab (NASDAQ: TEAR) reported Q3 EPS of ($0.24), in-line with the analyst estimate of ($0.24). Revenue for the quarter came in at $6.6 million versus the consensus estimate of $6.4 million.

TearLab also announced that its President and Chief Operating Officer, Seph Jensen, will succeed Mr. Vamvakas as Chief Executive Officer, effective January 1, 2016. At that time, Mr. Vamvakas will become Executive Chairman of the Company, continuing to be active with the business by providing counsel and support to Mr. Jensen, particularly in the areas of corporate strategy and finance, and leading the Company's Board of Directors.

For earnings history and earnings-related data on Tearlab (TEAR) click here.

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