Thursday's Small-Cap Winners & Losers
Cutera (CUTR) shares plunged some 31% after the Brisbane, Calif., maker of laser-based aesthetic systems chopped at least 8 cents off its first-quarter per-share earnings outlook, with expectations now between 11 cents and 13 cents on a GAAP basis. Sales projections were cut by $3 million to $23 million -- $3.3 million below targets. Shares were sliding $12.02 to $26.37.
Car parts maker Hayes Lemmerz International (HAYZ) also took a nosedive after stockholders' equity as of Jan. 31 plummeted 44.5% year over year to $101.8 million. Despite a significantly narrowed fiscal 2006 loss, shares were losing $2.46, or 31.8%, to $5.27.
iCAD (ICAD) and other makers of computer-aided mammography-screeners were falling after the New England Journal of Medicine reported that the devices don't significantly improve on detection rates for invasive breast cancer (more likely to spread elsewhere in the body). Shares of New Hampshire-based iCAD were tumbling 37 cents, or 10.2%, to $3.25.
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