Cutera Q2 revenues beat Street view; shares up 13%
Cutera Inc. (Nasdaq:CUTR) is up 13% in today’s trading after the company reported earnings that beat Wall Street views, despite being lower than a year ago. For the second quarter, net income was $0.66 million, or $0.05 per share, compared with $2.03 million, or $0.14 a share, for the same period a year ago. Revenues were $24.8 million, up 4% from a year ago. Analysts were expecting earnings per share of $0.02 on revenues of $23.5 million.
The Brisbane, Calif.-based company makes laser medical devices primarily used in cosmetic procedures. The company said a slowdown in the economy hurt its quarterly earnings.
At 11:12 a.m. ET, shares are at $11.36, up $1.27 from Monday’s close. Shares have ranged from $8.92 to $27.80 during the past year.
For detailed price information and recent news stories about Cutera Inc., click CUTR.
