Cutera lowers 2022 sales forecast, shares fall

Cutera

09/01/2023 14:53

** Shares of dermatology solutions company Cutera Inc
 CUTR.O  fall 19.5% to $32.55
    ** Co lowers revenue forecast to range between $252 million
and $253 million for full year 2022 from prior forecast of $255
million to $260 million.
    ** Co plans to release full results for Q4 and fiscal year
ended Dec. 31, 2022 after market close on Feb. 28
    ** All 5 brokerages rate the stock "buy" or higher; their
median PT is $70
    ** Co gained ~7% last year
 (Reporting by Sriparna Roy)
 ((Sriparna.Roy@thomsonreuters.com;))