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PhotoMedex Inc Raises Q4 2012 Revenue Guidance


Thursday, 13 Dec 2012 02:00am EST 

PhotoMedex Inc announced that it expects revenue for the fourth quarter of 2012 to increase by more than 80% year over year and to be between $52 million and $54 million. This compares with previous guidance for fourth quarter revenue to increase by more than 60% over the same quarter of 2011, and to be between $46 million and $48 million. The Company attributes the quarterly revenue outperformance to the efficiency of holiday advertising in the Consumer business segment that is yielding sales above prior forecasts, as well as better-than-expected results in the Company's Physician Recurring and Professional business segments. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $47 million for the fourth quarter of 2012 . 

Company Quote

11.27
-0.29 -2.51%
11 Jul 2014