InMode Expects Q2 2023 Revenue Between $135.7M - $135.9M (Vs $130.28M Est), Adj EPS $0.70 - $0.71 (Vs $0.64 Est), Increases Full Year 2023 Revenue Guidance to $530M - 540M, up from $525M - $530M (Vs $531.1M Est)
Portfolio Pulse from Benzinga Newsdesk
InMode has released preliminary Q2 2023 financial results, expecting revenue between $135.7M - $135.9M and adjusted EPS of $0.70 - $0.71, both exceeding estimates. The company also increased its full year 2023 revenue guidance to $530M - $540M, up from $525M - $530M.
July 12, 2023 | 11:06 am
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POSITIVE IMPACT
InMode's Q2 2023 revenue and adjusted EPS are expected to exceed estimates, and the company has increased its full year 2023 revenue guidance. This positive financial performance could boost investor confidence and potentially drive the stock price up in the short term.
InMode's preliminary Q2 2023 results and increased full year 2023 revenue guidance exceed estimates, indicating strong financial performance. This could boost investor confidence in the company's growth prospects, potentially leading to increased demand for the stock and driving up its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100