12:25 PM EDT, 04/04/2024 (MT Newswires) -- (Updates with latest stock move in the headline and first paragraph.)

STAAR Surgical ( STAA ) shares jumped more than 17% in recent Thursday trading after the company said it expects preliminary fiscal Q1 net sales to be more than $77 million.

Analysts surveyed by Capital IQ are expecting $72.1 million.

The company said it now expects its fiscal 2024 net sales to be at the higher end of its previous outlook range of $335 million to $340 million. Analysts polled by Capital IQ are looking for $337.2 million.

The company said it ended its fiscal quarter ended March 29 with $248 million in cash, cash equivalents and investments.

Price: 45.94, Change: +6.87, Percent Change: +17.58