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Avedro: 2Q Earnings Snapshot

August 7, 2019

WALTHAM, Mass. (AP) _ Avedro Inc. (AVDR) on Wednesday reported a loss of $7.4 million in its second quarter.

On a per-share basis, the Waltham, Massachusetts-based company said it had a loss of 43 cents.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 52 cents per share.

The ophthalmic medical technology company posted revenue of $10.3 million in the period.

Avedro expects full-year revenue in the range of $38 million to $41 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AVDR at https://www.zacks.com/ap/AVDR

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