Shares of Irvine-based eye device maker IntraLase Corp. were down after the company’s profit in the second quarter fell a bit short of expectations.
IntraLase swung to a $1.3 million profit in the quarter from a $1.9 million loss a year earlier. Analysts were looking for a profit of $1.9 million.
The company’s sales jumped 45% to $23 million.
The maker of laser surgery correction devices reiterated its 2005 guidance. IntraLase expects to post a profit of $10 million to $12 million on revenue of more than $95 million this year.
IntraLase said in a release that its share of the market for cutting a flap into the cornea,the first step in vision-correction surgery,grew to about 18%, up from 17% in the first quarter.
The company said it has installed 293 lasers.
Shares of IntraLase fell 7.5% to $20.3 on Thursday.
