Tuesday Market Movers

Cynosure (NASDAQ: CYNO): Cynosure, a medical appliance and equipment company, traded up on Tuesday after announcing second quarter earnings that beat analyst estimates. The company reported record revenues of $39.6 million, a 50 percent increase from the second quarter of 2011 that saw revenues of $26.3 million. The company's earnings were $0.20 per share, beating analyst estimates of $0.12 per share.

Emil Tanghetti, M.D., Clinical Professor of Dermatology at the University of California stated, "Cynosure's Elite MPX is a powerful and versatile system that enables clinicians to customize treatments for a broad range of skin types and conditions, including sun-damaged skin, pigmented lesions, dyschromia and rosacea.”

Cynosure traded up about 13 percent on Tuesday.

Under Armour (NYSE: UA): Under Armour traded up on Tuesday after announcing earnings that beat expectations. The company reported profits rising 27 percent to $369 million for the second quarter of 2012, compared to the same period last year. The company also raised its full year operating income outlook by 26 percent to 27 percent to a range of $205 million to $207 million.

Kevin Plank, Chairman, CEO and President of Under Armour stated, "Our heightened attention to innovation across all of our product lines continues to resonate with consumers. Our broad-based success during the quarter reflects our ability to build upon platform technologies such as Charged Cotton, while introducing new ideas such as ColdBlack."

Under Armour traded up about 11.5 percent on Tuesday.

Baidu (NASDAQ: BIDU): Baidu, a Chinese internet search engine, reported earnings that beat analyst estimates on Monday after the markets close. The company announced total revenues of $858.8 million, a 60 percent increase from the comparable period last year. The company's earnings were $1.24, compared to the average analyst estimate of $1.12.

Robin Li, Chairman and Chief Executive Officer of Baidu, stated, "We are pleased to announce strong results for the second quarter despite macro headwinds and challenging comparisons with the same period last year. Our efforts to expand our customer base continue to make solid progress."

Baidu traded up about 10.5 percent on Tuesday.