IntraLase reiterated at outperform by JMP

IntraLase Corp. was reiterated by JMP Securities analyst Anthony Ostrea at market outperform with a $25 price target. The company's third-quarter 2006 total revenue came in at $32.3 million, up 41% from last year and exceeding JMP's $30.7 million estimate. GAAP earnings per share came in at $0.09, lower than Ostrea's $0.17 estimate and the Street's $0.16. According to Ostrea, investors should focus on the solid top-line growth (lasers, procedures). JMP increased its 2008 revenue estimate to $156.1 million, from $154.0 million and maintained its 2008 GAAP earnings per share estimate of $0.90. Shares of the Irvine, Calif.-based vision laser products company were up 8 cents, or 0.42%, at $19.14. (Nasdaq: ILSE)

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