Cutera Inc (CUTR) said after close Thursday that it lost $0.24 per share in quarter two 2022. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $64.2 million, beating estimates by $804 thousand.
In the same quarter a year ago, the company earned $0.28 per share on revenue of $58.6 million.
The stock is up 2.58% to $49.62 after the report.
Despite revenues increasing, earnings decreased, signaling a decline in profit margins.
The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.
Trading in the five days leading up to the report earned Cutera Inc a Bullish Sentiment Rank from InvestorsObserver.
Cutera Inc has performed a little below average during the past few months. Before the report, Cutera Inc received a Long-Term Technical Rank by InvestorsObserver of 45, putting it in the bottom half of stocks. The firm set a 52-week high on April 5, 2022 at $74.38 and set a 52-week low on January 27, 2022 at $31.62.
Cutera Inc is a medical device company. It specializes in the design, development, manufacture, marketing and servicing of laser and other energy based aesthetics systems for practitioners internationally. Its products include enlighten, excel HR, excel V, Xeo and Trusculpt 3D among others. The company markets and sells its products under the trademarks such as Cutera, Acutip, Coolglide, Enlighten, Excel HR, Excel V, Genesis plus, Pico-genesis, Titan, Trusculpt, and Xeo among others. It derives the majority of its revenue from the United States geographic segment.
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Cutera Inc Up 2.58% To $49.62 After Earnings Miss
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