Cutera Sees FY24 Revenue $140M-$145M vs $161.81M Est. (Prior Outlook $160M-$170M)
Portfolio Pulse from Benzinga Newsdesk
Cutera has revised its FY24 revenue outlook to $140M-$145M, down from the previous estimate of $160M-$170M and below the consensus estimate of $161.81M.
August 08, 2024 | 8:05 pm
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Cutera has lowered its FY24 revenue outlook to $140M-$145M, significantly below the previous range of $160M-$170M and the consensus estimate of $161.81M.
The significant downward revision in revenue outlook is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100