Cynosure beats on Q2 EPS, revenue

|By:, SA News Editor

Cynosure (CYNO +6.6%) moves up today after reporting Q2 earnings that beat Street estimates this morning.

Revenue rose 27% Y/Y, reflecting higher laser product sales across its distribution channels as well as an additional $5.1M in revenue from five days of sales attributable to its Palomar acquisition.

Operating expenses rose to $42.4M, which included $20.4M in acquisition expenses.

The company noted that it expects to complete its integration of the Palomar acquisition over the next several quarters, with the acquisition still on pace to be accretive in FY14.