08:34 AM EST, 11/06/2024 (MT Newswires) -- Kits Eyecare ( KTYCF ) reported Wednesday a slight earnings miss for the third quarter, even as revenues beat expectations, and the company flagged higher than expected revenues for the fourth quarter.

The company recorded third quarter net earnings of $0.132 million, or $0.00 per share, down from near $0.5 million, or $0.02 basic and $0.01 diluted a year earlier. It missed a consensus mean of $0.01 EPS GAAP at Capital IQ.

Revenue for the quarter ended Sept. 30 was $41.9 million, up 34.3% from $31.2 million a year earlier; analysts surveyed by Capital IQ had projected $41.7 million.

For the fourth quarter, Kits Eyecare ( KTYCF ) expects revenue between $43 million and $45 million, with adjusted EBITDA margins anticipated to be between 3% and 5%. The consensus forecast for Q4 at Capital IQ was $40.60 million.

Kits Eyecare ( KTYCF ) shares closed at $10 on Monday, up 0.20%.