Glaukos shares are trading higher after the company recently announced FDA approval of iDose TR and issued preliminary 2024 net sales guidance above estimates.
Portfolio Pulse from Benzinga Newsdesk
Glaukos Corporation's stock is trading higher following the recent FDA approval of its iDose TR product. Additionally, the company has provided preliminary net sales guidance for 2024 that exceeds analyst estimates.

December 15, 2023 | 8:15 pm
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Glaukos Corporation received FDA approval for iDose TR and issued strong preliminary 2024 sales guidance, positively impacting its stock price.
FDA approval of a new product typically leads to increased investor confidence and potential revenue growth, which can positively affect the stock price. The issuance of sales guidance above estimates further strengthens investor sentiment as it suggests the company's future financial performance may exceed current expectations.
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IMPORTANCE 90
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