InMode Q4 Adj. EPS $0.71 Beats $0.67 Estimate, Sales $126.78M Beat $125.04M Estimate
Portfolio Pulse from Benzinga Newsdesk
InMode (NASDAQ:INMD) reported Q4 adjusted EPS of $0.71, surpassing the $0.67 estimate, and sales of $126.78M, exceeding the $125.04M estimate. However, this reflects a decrease from the previous year's earnings and sales.
February 13, 2024 | 12:03 pm
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InMode reported higher-than-expected Q4 earnings and sales, with an EPS of $0.71 and sales of $126.78M, beating estimates but showing a year-over-year decline.
Beating earnings and sales estimates typically has a positive short-term impact on a company's stock price. However, the year-over-year decline in both earnings and sales might temper investor enthusiasm, suggesting a cautious optimism.
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IMPORTANCE 90
RELEVANCE 100