InMode shares are trading lower after the company issued Q3 guidance below estimates and lowered full-year 2023 revenue guidance.
Portfolio Pulse from Benzinga Newsdesk
InMode has issued Q3 guidance below estimates and lowered its full-year 2023 revenue guidance, causing its shares to trade lower.
October 12, 2023 | 12:37 pm
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InMode's shares are trading lower due to the company's lower than expected Q3 guidance and reduced full-year 2023 revenue guidance.
InMode's shares are trading lower as the company has issued Q3 guidance below estimates and lowered its full-year 2023 revenue guidance. This indicates a potential decrease in the company's profitability, which is negatively affecting investor sentiment and causing a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100