Why STAAR Surgical Stock Is Skyrocketing Today
Shares of STAAR Surgical (NASDAQ: STAA) were skyrocketing 18.5% higher as of 3 p.m. EDT on Thursday. The big gain came after the maker of implantable contact lenses and companion delivery systems announced stellar second-quarter results on Wednesday after the market closed.
STAAR reported record-high Q2 revenue of $39.7 million, up 17% year over year. Its revenue looked even better on a constant-currency basis with year-over-year growth of 19%. The company announced earnings per share (EPS) of $0.08, doubling its EPS from the prior-year period.
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