Hair Laser Ny Removal Treatment

NEW YORK (AP) - Shares of Cutera Inc. climbed in after-hours trading Monday, as earnings results pushed and pulled shares on an otherwise quiet session.

Aftermarket Movers: Cutera climbs

The company, which makes laser products for dermatologists and plastic surgeons for skin and wrinkle treatments, hair removal and other uses, said its second-quarter revenue exceeded its expectations and \"outpaced the overall strong growth in our industry.\" The Brisbane, Calif., company posted a net loss, but adjusted earnings and sales surpassed Wall Street\'s expectations.

Cutera\'s shares jumped $1.11, or 5.1 percent, to $22.80 in after-hours trading on the INET electronic exchange. The stock closed down $1.01, or 4.5 percent, at $21.69 on the Nasdaq.

Internet search engine Google Inc. also gained in the extended trading session, on news the company will be the exclusive search and keyword-targeted ad sales provider for MySpace.com, News Corp.\'s popular social networking site.

United States: Palomar sues Candela Corp.

Palomar Medical Technologies Inc. has sued Candela Corp., accusing it of infringing a patent on laser hair-removal treatments. Palomar's lawsuit seeks a court ruling that would stop Candela from selling its GentleLase and GentleYag systems and "tens of millions in damages for past sales." Palomar has a pending suit against another competitor, Israel's Alma Lasers Ltd. In June, Cutera Inc. agreed to pay about $22 million to license Palomar's patents. Palomar also has sent letters to about 30 companies seeking a licensing agreement. "Anyone who's using light for hair removal" should license the patent, chief financial officer Paul Weiner said in an interview.

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