Cutera: 3Q Earnings Snapshot
BRISBANE, Calif. (AP) _ Cutera Inc. (CUTR) on Tuesday reported a third-quarter loss of $873,000, after reporting a profit in the same period a year earlier.
The Brisbane, California-based company said it had a loss of 6 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 11 cents per share.
The maker of laser skin treatments posted revenue of $40.6 million in the period.
Cutera expects full-year earnings in the range of 40 cents to 50 cents per share, with revenue in the range of $165 million to $170 million.
Cutera shares have declined 53 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $21.25, a fall of 47 percent in the last 12 months.