Cutera Q1 2024 Adj EPS $(1.09) Misses $(1.00) Estimate, Sales $38.793M Beat $37.325M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cutera (NASDAQ:CUTR) reported Q1 2024 adjusted EPS of $(1.09), missing the $(1.00) estimate, but sales of $38.793M exceeded the $37.325M forecast. This represents a 13.49% decrease in losses per share and a 28.85% decrease in sales compared to the same period last year.

May 09, 2024 | 9:11 pm
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Cutera reported a Q1 2024 adjusted EPS of $(1.09), missing estimates, but sales of $38.793M beat expectations, showing a mixed financial performance.
Cutera's mixed Q1 2024 results, with a miss on EPS but a beat on sales, could lead to neutral short-term stock price movement. The narrower loss per share year-over-year indicates improving operational efficiency, which could be positive. However, the significant decrease in sales compared to the previous year might raise concerns about the company's growth trajectory, potentially offsetting any positive sentiment.
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