Cutera (CUTR) Releases Earnings Results, Misses Expectations By $-0.12 EPS

Cutera (CUTR) reported quarterly earnings results on Monday, May-2-2016. The company reported $-0.16 earnings per share for the quarter, missing the analyst consensus estimate by $-0.12. Analysts had a consensus of $-0.04. The company posted revenue of $22.40 million in the period, compared to analysts expectations of $21.62 million. The company’s revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.25 EPS.

Cutera closed down -0.13 points or -1.07% at $12.02 with 1,03,041 shares getting traded on Wednesday. Post opening the session at $12.02, the shares hit an intraday low of $11.85 and an intraday high of $12.305 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 7, 2016, Jerry P Widman (director) sold 12,000 shares at $12.01 per share price. According to the SEC, on Sep 4, 2015, Ronald J Santilli (EVP & CFO) sold 31,599 shares at $15.00 per share price. On Sep 4, 2015, David B Apfelberg (director) sold 900 shares at $14.91 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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