Glaukos touches record high after posting surprise profit
GKOS•Glaukos shares rose 32.7% to a record $240.70 after the company reported third-quarter sales of $211 million and earnings per share of $0.47, beating analysts’ expectations. It forecast full-year sales of $775 million to $785 million and preliminary 2027 sales of $1 billion.
1. Profit and sales beat estimates
Glaukos reported earnings per share of $0.47, compared with analysts’ expectation of a $0.09 loss. Third-quarter sales rose to $211 million, above estimates of $168 million.
2. Outlook lifts shares
The company forecast full-year sales of $775 million to $785 million, above analysts’ estimate of $691.6 million, and said preliminary 2027 net sales are expected to reach $1 billion. Shares rose 32.7% to a record $240.70 and have more than doubled year to date.
