- PhotoMedex (PHMD) slides 11% premarket as the company's Q3 numbers come up short of estimates.
- Revenues fall 19% Y/Y. The weakness is attributed to the company's Japanese distributor who is implementing a business model change. PHMD also says the timing of a HSN 24-hour "event" made Q3 a tough compare.
- PHMD says demand at the retail level in Japan was on par with Q3 2012.
- Management sees $55M in Q4 revenue assuming not contribution from Japan. Consensus is $57.5M. (PR)
Inventory reduction at Japanese distributor hits PhotoMedex
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs