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Cutera Inc. (CUTR) Has Tumbled To A New Low On Weak Revenue Guidance

Cutera Inc. (CUTR) announced after the bell Thursday that it now expects to report third quarter revenues of approximately $40 million. Analysts are expecting revenues of $45.58 million.

The company now expects to report full year revenues of $165 million to $170 million, down from prior expectations of $178 million to $181 million. Street expectations are for revenues of $178.56 million.

Cutera has gapped open sharply lower Friday morning and is now down 7.05 at $22.73. The stock has tumbled to a new low for the year.

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