Cutera (CUTR) Releases Earnings Results, Misses Expectations By $-0.03 EPS

Cutera (CUTR) reported quarterly earnings results on Monday, Aug-1-2016. The company reported $0.07 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $0.10. The company posted revenue of $27.48 million in the period, compared to analysts expectations of $26.20 million. The company’s revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.13 EPS.

Cutera opened for trading at $10.73 and hit $10.9692 on the upside on Friday, eventually ending the session at $10.79, with a gain of 0.19% or 0.02 points. The heightened volatility saw the trading volume jump to 44,533 shares. Company has a market cap of $141 M.

In a different news, on Jun 7, 2016, Kevin P Connors (President & CEO) sold 21,606 shares at $10.28 per share price. According to the SEC, on Mar 7, 2016, Jerry P Widman (director) sold 12,000 shares at $12.01 per share price. On Sep 4, 2015, Ronald J Santilli (EVP & CFO) sold 31,599 shares at $15.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Cutera Inc. is a global medical device company. The Company designs develops manufactures markets and services laser and other energy-based aesthetics systems for practitioners. It offers products based on xeo Genesis Plus excel V truSculpt excel HR and enlighten product platforms each of which enables physicians and other qualified practitioners to perform aesthetic procedures for customers. Each of its laser and other energy-based platforms consists of one or more hand pieces and a console that incorporates a universal graphical user interface a laser or other energy-based module control system software and high voltage electronics. It also offers products such as CoolGlide that includes CV Excel and Vantage; Solera that includes Titan S ProWave 770 OPS 600 LP560 AcuTip 500Titan V/XL and LimeLight and a third-party sourced system myQ for the Japanese market. It also sells post warranty services Titan hand piece refills and dermal fillers and cosmeceuticals.


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