STAAR Surgical (STAA +17%) rockets higher today after its Q2 bottom line beat estimates. Revenue...

|About: STAAR Surgical Company (STAA)|By:, SA News Editor

STAAR Surgical (STAA +17%) rockets higher today after its Q2 bottom line beat estimates. Revenue was down 2.0% Y/Y however, affected by negative press Lasik press in China, a key market. Gross margin rose 2.% to 69.3%, versus 66.8% in the prior year period reflecting the increased contribution of Visian ICL sales and higher sales pricing. The company also issued an upbeat forecast for the second half, and boosted numbers to reflect expectations for a rebound.