Shares of Harrow, Inc. (HROW) jumped over 29% on Tuesday morning after the company reported its first-quarter results.
HROW is currently trading at $15.53, up $3.46 or 28.67%, on the Nasdaq. The stock opened its trading at $14.55 after closing Monday at $12.07. The stock has traded between $7.60 and $24.19 in the past 52-week period.
Revenues for the quarter rose to $34.6 million from $26.1 million last year. Net loss was $13.6 million or $0.38, compared to $6.6 million or $0.22 per share. Core loss for the quarter was $9.8 million or $0.28 per share, compared to $1.0 million or $0.03 per share last year.
Analysts polled by Thomson Reuters expected a loss of $0.20 per share.
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