July 31, 2012
Zeltiq surges as CoolSculpting revenue grows
Shares of Zeltiq Aesthetics Inc. surged Tuesday after the company posted stronger second-quarter sales of its CoolScuplting body fat sculpting system.
Zeltiq's CoolSculpting system is designed to reduce bulges of fat that don't go away with diet or exercise by using extreme cold to kill fat cells. In the second quarter, revenue from CoolSculpting procedures increased 85 percent compared with last year. The company's total revenue increased 28 percent.
Shares of Zeltiq jumped 93 cents, or 21.4 percent, to $5.38 in morning trading.
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