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Cutera stock slides after earnings; company appoints interim CFO, reaches board deal with big investors

Earnings Results Published: May 9, 2023 at 7:14 p.m. ET Traders work on the floor of the New York Stock Exchange on April 21. Getty Images Shares of Cutera Inc. fell hard after hours on Tuesday after the maker of skincare and body-sculpting devices — currently engulfed in drama over a leadership changeover — reported

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Earnings Results

Traders work on the floor of the New York Stock Exchange on April 21.

Getty Images

Shares of Cutera Inc. fell hard after hours on Tuesday after the maker of skincare and body-sculpting devices — currently engulfed in drama over a leadership changeover — reported weaker quarterly results than expected and announced a new interim chief financial officer as well as plans to appoint new board directors.

The company lost $1.26 a share during its first quarter, compared with 84 cents in the same quarter last year, on sales of around $55 million, down from $58 million a year earlier. The results were below FactSet…

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