Cutera Trading Down 4.5% Following Weak Earnings (CUTR)
Cutera (NASDAQ:CUTR) dropped 4.5% during mid-day trading on Tuesday following a dissappointing earnings announcement, American Banking News reports. The company traded as low as $8.80 and last traded at $9.27, with a volume of 121,411 shares. The stock had previously closed at $9.71.
The company reported ($0.19) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.08) by $0.11. The company had revenue of $17.72 million for the quarter, compared to the consensus estimate of $19.69 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The company’s quarterly revenue was down 9.4% on a year-over-year basis.
The stock’s 50-day moving average is $9.88 and its 200-day moving average is $10.15. The company’s market cap is $131.6 million.
Cutera, Inc is a global medical device company. It specializes in the designing, developing, manufacturing, marketing and servicing of laser and other light-based aesthetics systems for practitioners globally.
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