Shares of Glaukos Corporation (NYSE:GKOS) surged 5.30% in pre-market trading on Wednesday, following the company's better-than-expected third-quarter results and analysts' optimistic forecasts for 2025.
Glaukos reported Q3 2024 revenue of $97 million, surpassing estimates by 5.7%. The company also posted a narrower-than-expected loss per share of $0.39, beating analyst projections.
In the wake of the solid Q3 performance, analysts have revised their forecasts for Glaukos' 2025 financial year. While revenue estimates for 2025 remained largely unchanged at $473.1 million, the projected loss per share has been cut substantially to $1.34, down 51% from prior expectations. This revision suggests analysts are anticipating improved profitability for Glaukos in the coming year.
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