Staar Surgical Q3 2023 Adj EPS $0.30 Beats $0.18 Estimate, Sales $80.31M Miss $80.32M Estimate
Portfolio Pulse from saritha@benzinga.com
Staar Surgical (NASDAQ:STAA) reported Q3 2023 earnings of $0.30 per share, beating the analyst consensus estimate of $0.18 by 66.67%. However, this is a 18.92% decrease from the same period last year. The company's quarterly sales were $80.31 million, missing the analyst consensus estimate of $80.32 million by 0.01%, but showing a 5.60% increase from the same period last year.
November 01, 2023 | 8:02 pm
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NEUTRAL IMPACT
Staar Surgical's Q3 2023 earnings beat estimates but are down YoY. Sales slightly missed estimates but are up YoY.
Staar Surgical's earnings beat estimates, which is positive for the stock. However, the YoY decrease in earnings and slight miss in sales estimates may offset this positive impact, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100