Glaukos shares are trading higher after the company reported preliminary Q4 and FY23 net sales guidance above estimates. Also, the company reaffirmed its FY24 net sales guidance.
Portfolio Pulse from Benzinga Newsdesk
Glaukos Corporation's stock is trading higher following the announcement of preliminary Q4 and FY23 net sales that exceeded analysts' expectations. The company also confirmed that its FY24 net sales guidance remains unchanged.
January 09, 2024 | 3:57 pm
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POSITIVE IMPACT
Glaukos Corporation reported preliminary Q4 and FY23 net sales above estimates and reaffirmed FY24 guidance, leading to a rise in its stock price.
The positive preliminary sales report for Q4 and FY23 suggests strong performance and potential growth, which typically leads to increased investor confidence and can drive the stock price up in the short term. The reaffirmation of FY24 guidance further supports the stability and positive outlook for the company.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100