Cutera (CUTR) Tops Q3 EPS by 5c

Cutera (NASDAQ: CUTR) reported Q3 EPS of ($0.07), $0.05 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $23.1 million versus the consensus estimate of $21.87 million.

Kevin Connors, President and Chief Executive Officer of Cutera, stated, "We are pleased with our fifth consecutive quarter of double-digit revenue growth and significant progress towards profitability. Looking forward, we are well positioned to continue revenue expansion, improve operating cash flow, and expect to generate GAAP profitability in the fourth quarter of 2015 and for the full-year 2016. Our North American sales organization continues to demonstrate strong market share expansion in a growing market, as reflected by 80% Product revenue growth year-over-year to $10.8 million. Rest of World ('ROW') Product revenue declined by 5% year-over-year to $6.6 million as a result of unfavorable foreign currency exchange rates. On a constant currency basis, ROW Product revenue was up approximately 3 percent year-over-year."

For earnings history and earnings-related data on Cutera (CUTR) click here.

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