INSIDEBULLS

[Sultan]

QLT reported today..

QLT Inc beats by $0.03, ex items; reaffirms; announces $50 mln buy-back (QLTI) 10.86 :Reports Q1 (Mar) earnings of $0.19 per share, excluding non-recurring items, $0.03 better than the Reuters Estimates consensus of $0.16; revenues rose 55.0% year/year to $64 mln vs the $62.3 mln consensus. Co states: "We are pleased with our performance in this quarter with both Visudyne sales and EPS and remain on track to achieve our annual financial guidance," said Paul Hastings, President and CEO. "We are also announcing today the initiation of a share buy-back program because we believe that the current price of the stock does not reflect the achievements and prospects of the Company and therefore represents an excellent investment opportunity.