Cynosure (CYNO) Releases Earnings Results, Beats Expectations By $0.07 EPS

Cynosure (CYNO) reported quarterly earnings results on Tuesday, Jul-26-2016. The company said it had a profit of $0.36 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.29. The company posted revenue of $110.30 million in the period, compared to analysts expectations of $101.31 million. The company’s revenue was up 31.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS.

Cynosure opened for trading at $50.88 and hit $52.8 on the upside on Wednesday, eventually ending the session at $51.32, with a gain of 1.58% or 0.8 points. The heightened volatility saw the trading volume jump to 2,01,435 shares. Company has a market cap of $1,207 M.

In a different news, on May 16, 2016, Douglas J Delaney (Executive VP, Sales) sold 12,299 shares at $46.49 per share price. According to the SEC, on May 16, 2016, Michael R Davin (Chairman and CEO) sold 26,271 shares at $46.49 per share price. On Apr 19, 2016, Timothy W Baker (President and CFO) sold 14,008 shares at $45.02 per share price, according to the Form-4 filing with the securities and exchange commission.

Cynosure Inc. develops and markets aesthetic treatment systems that enable plastic surgeons dermatologists and other medical practitioners to perform procedures to remove hair treat vascular and benign pigmented lesions remove multi-colored tattoos revitalize the skin liquefy and remove unwanted fat through laser lipolysis reduce cellulite clear nails infected by toe fungus ablate sweat glands and improve vaginal health. The Company also markets radiofrequency (RF) energy sourced medical devices for precision surgical applications such as facial plastic and general surgery; gynecology; ear nose and throat procedures; ophthalmology; oral and maxillofacial surgery; podiatry and proctology. The Company offers single energy source systems as well as workstations that incorporate two or more different types of lasers or pulsed light technologies.


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