Why InMode Shares Are Gaining Today
Portfolio Pulse from Nabaparna Bhattacharya
InMode Ltd. (NASDAQ:INMD) has released its preliminary results for Q2 2023, with expected revenues of $135.7 million-$135.9 million, above the consensus of $130.28 million. The company also raised its FY23 revenue guidance to $530 million-$540 million from the previous guidance of $525 million-$530 million. InMode's shares are trading higher by 2.11% in the premarket session.
July 12, 2023 | 2:05 pm
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POSITIVE IMPACT
InMode's Q2 2023 revenues are expected to surpass consensus estimates and the company has raised its FY23 revenue guidance. This positive news has led to a 2.11% increase in premarket trading.
InMode's expected Q2 2023 revenues and raised FY23 guidance are positive indicators of the company's performance and future outlook. This has led to increased investor confidence, reflected in the 2.11% increase in premarket trading.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100