Australia's Nova Eye Medical eyes best day in 1 week on FY sales outlook

Nova Eye Medical

08/07/2022 03:59

** Shares of medical equipment maker Nova Eye Medical
 EYE.AX  rise as much as 4.8% to A$0.220
    ** Stock on track for best day since July 1, if gains hold
    ** Co expects FY total sales across the glaucoma surgical
devices of about A$13.1 mln ($8.96 mln), representing 0.5%
growth in sales revenue on prior corresponding period
 urn:newsml:reuters.com:*:nASM000IKU
    ** Stock set to extend gains to a third session 
    ** As of last close, Nova Eye stock down ~38.2% YTD
    
    ($1 = 1.4622 Australian dollars)

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))