Cynosure Up 12.5% On Revenue Beat (CYNO)

Shares of Westford, Massachusetts-based Cynosure, Inc. CYNO are currently up 12.5% at $13.44 per share during Tuesday afternoon trading. Today's trading range for shares of Cynosure, Inc has been between $12.00 and $13.75 per share, approaching the 52-week high of $14.06. The consensus price target of analysts covering the company's stock is $15.40 per share. Volume of 83,000 shares is already more than double the daily average volume of 36,000 shares. Cynosure, Inc. (CYNO) released financial results early Tuesday morning. Cynosure, Inc reported a 4th quarter net loss of 6 cents per share, on revenue of $22.3 million. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of an expected loss of 3 cents per share, on revenue of $21.89 million. President and Chief Executive Officer Michael Davin said, "Higher product demand from North America and overseas drove our revenue growth in the fourth quarter." Cynosure, Inc develops and markets aesthetic treatment systems that are used by physicians and other practitioners to perform non-invasive and minimally invasive procedures to remove hair, treat vascular and pigmented lesions, rejuvenate the skin, liquefy and remove unwanted fat through laser lipolysis and reduce the appearance of cellulite. Read more from Benzinga's Company news.