Cynosure Inc.  (CYNO) Trade Now »     Rate CYNO  -  Discuss CYNO  -  Add to Watch List        

Quarterly revenues at Cynosure, a developer of laser-based aesthetic systems, grew 30% year-over-year, from $30.1 million in Q2 2007 to $39.2 million in the most recent quarter.

The results were in line with the Street’s expectations. Analysts predicted revenues of $38.48 million, according to Reuters estimates.

As the credit crunch continues, many companies supplying high-end, expensive medical equipment and machines have been hit hard on reduced earnings.<!----> Hospitals are finding it harder to borrow money for large purchases, especially on machines. It has become harder to justify spending a large sum of money (often in excess of a million dollars) on machines that, regardless of their medical advantage over older or traditional equipment, have not proven their economic viability.

The companies that are newer and are introducing their own versions of products or new types of equipment entir