Candela Flames Out

The laser maker tumbles after-hours on a sharp drop in earnings.
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Candela (CLZR) shares were tumbling in extended trading Monday after the cosmetic- and medical-laser maker reported a sharp drop in quarterly profits.

Wayland, Mass.-based Candela reported fiscal fourth-quarter profits of $2.4 million, or 10 cents per share, including a 2-cent charge related to stock-based compensation, down 25% from $3.2 million, or 14 cents per share, a year ago. Revenue grew to $41.3 million from $38.6 million.

Analysts had been expecting profit of 23 cents per share on sales of $47 million, according to Thomson Financial.

Candela shares were recently down $3.67, or 25.3%, to $10.82 in after-hours activity.