Glaukos Q3 Adj EPS $(0.50) Beats $(0.55) Estimate, Sales $78.05M Beat $75.25M Estimate
Portfolio Pulse from Benzinga Newsdesk
Glaukos (NYSE:GKOS) reported Q3 adjusted losses of $(0.50) per share, beating the analyst consensus estimate of $(0.55) by 9.09%. The company also reported quarterly sales of $78.05 million, surpassing the analyst consensus estimate of $75.25 million by 3.72%. However, this represents an 11.11% decrease in losses and a 9.51% increase in sales compared to the same period last year.
November 01, 2023 | 8:51 pm
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Glaukos reported better than expected Q3 results, with both losses and sales beating analyst estimates. However, losses increased compared to last year, while sales showed growth.
Glaukos reported better than expected Q3 results, which is generally positive for the stock. However, the increase in losses compared to last year might be a concern for investors. The growth in sales is a positive sign and could offset concerns about the increased losses.
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IMPORTANCE 80
RELEVANCE 100