Glaukos Corporation (GKOS) Tops Q1 EPS by 4c; Raises Outlook

Glaukos Corporation (NYSE: GKOS) reported Q1 EPS of $0.02, $0.04 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $353.9 million versus the consensus estimate of $33.73 million.

• Achieved 55% net sales growth to $35.9 million in the first quarter of 2017, compared to $23.1 million in the first quarter of 2016.
• Reported net income of $0.9 million, or $0.02 per diluted share, in the first quarter of 2017, compared to $0.9 million, or $0.03 per diluted share, in the first quarter of 2016.
• Raised 2017 net sales guidance to a range of $162 million to $167 million.

GUIDANCE:

Glaukos Corporation sees FY2017 revenue of $162-167 million, versus the consensus of $163.5 million.

For earnings history and earnings-related data on Glaukos Corporation (GKOS) click here.

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