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Glaukos Q3 Non-GAAP Loss Narrows, Sales Increase; 2024 Sales Guidance Raised
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Glaukos Q3 Non-GAAP Loss Narrows, Sales Increase; 2024 Sales Guidance Raised
Nov 4, 2024 2:33 PM

05:14 PM EST, 11/04/2024 (MT Newswires) -- Glaukos ( GKOS ) reported a Q3 non-GAAP loss late Monday of $0.28 per diluted share, narrowing from a $0.50 loss per share a year earlier.

Analysts polled by Capital IQ expected a $0.48 loss per share.

Net sales for the quarter ended Sept. 30 were $96.7 million, up from $78 million a year earlier.

Analysts polled by Capital IQ expected $91.5 million.

The company raised its full-year 2024 net sales outlook to between $377 million and $379 million from its previous forecast of $370 million to $376 million. Analysts polled by Capital IQ expect $373.7 million.

Shares of the company fell 7.1% in recent after-hours activity.

Price: 122.00, Change: -9.38, Percent Change: -7.14

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