PhotoMedex (PHMD) shares were lower nearly 2% in recent trade after reporting Q1 earnings and sales that were short of analysts’ expectations.
PHMD is trading near the mid-point of the 52-week range between $10.51 and $17.05.
The provider of disease management and aesthetic solutions to dermatologists, aestheticians and consumers said its Q1 non-GAAP adjusted income was $0.23, missing the $0.24 average estimate from analysts polled by Capital IQ. Revenue fell to $50.1 million from $57.2 million, coming in below the $56.1 million consensus estimate.
Reported net loss was $345,000 or $0.02 per share compared to a profit of 7.2 million or $0.34 the year earlier.
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