InMode Q1 Adj $0.32 Misses $0.44 Estimate, Sales $80.28M Miss $93.02M Estimate
Portfolio Pulse from Benzinga Newsdesk
InMode (NASDAQ:INMD) reported Q1 adjusted earnings of $0.32 per share, missing the $0.44 estimate, and sales of $80.28M, below the $93.02M estimate. This represents a significant decrease from the previous year's earnings and sales.
May 02, 2024 | 11:02 am
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InMode reported lower than expected Q1 earnings and sales, missing analyst estimates and showing a significant decrease from last year.
Missing both earnings and sales estimates significantly, especially with a notable year-over-year decline, is likely to negatively impact investor sentiment and could lead to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100