InMode Stock Soars After Q2 Earnings: The Details
Portfolio Pulse from Vandana Singh
InMode Ltd (NASDAQ:INMD) reported Q2 sales of $136.1 million, a 20% Y/Y increase, beating the consensus of $132 million. Adjusted EPS reached $0.72, compared to $0.59 a year ago, beating the consensus of $0.64. The company expects FY23 sales of $530 million-$540 million compared to the consensus of $533.1 million. INMD shares are up 6.04% at $47.82.
July 27, 2023 | 2:30 pm
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POSITIVE IMPACT
InMode's Q2 sales and EPS beat consensus estimates, and the company provided a positive outlook for FY23 sales. This news has led to a 6.04% increase in INMD shares.
InMode's Q2 sales and EPS exceeded consensus estimates, indicating strong performance. The company's positive outlook for FY23 sales further boosts investor confidence, leading to a rise in the stock price. The direct mention of INMD and the positive financial results make this news highly relevant and important for INMD investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100