Cutera Q2 Sales $34.400M Miss $38.695M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cutera (NASDAQ:CUTR) reported Q2 sales of $34.4 million, missing the analyst consensus estimate of $38.695 million by 11.10%. This represents a 43.81% decrease from the same period last year.
August 08, 2024 | 8:04 pm
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NEGATIVE IMPACT
Cutera reported Q2 sales of $34.4 million, missing the analyst consensus estimate by 11.10% and showing a significant 43.81% decrease from the same period last year.
The significant miss on sales estimates and the large year-over-year decrease in revenue are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100