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Zeltiq Aesthetics (ZLTQ) Stock Tumbles After Q1 Results

NEW YORK (TheStreet) -- Shares of Zeltiq Aesthetics (ZLTQ - Get Report) are falling by 6.95% to $26.11 on heavy trading volume on Wednesday afternoon, after the Pleasanton, CA-based company posted a loss for the 2016 first quarter.

After yesterday's market close, the medical technology company reported a net loss of 25 cents per share, in line with analysts' expectations. Last year, Zeltiq posted a loss of 6 cents per share.

Revenue jumped by 25% to $64.5 million year-over-year and was higher than analysts' estimates of $61.8 million.

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