InMode Cuts FY24 Revenue Guidance From $495M -$505M to $485M - $495M Vs. $493.25M Est.
Portfolio Pulse from Benzinga Newsdesk
InMode has revised its FY24 revenue guidance downwards from the initial range of $495M-$505M to a new range of $485M-$495M, compared to analysts' expectations of $493.25M.

May 02, 2024 | 11:15 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
InMode has lowered its FY24 revenue outlook, adjusting the forecast to $485M-$495M from the previously anticipated $495M-$505M range.
The downward revision of InMode's FY24 revenue guidance suggests potential challenges in achieving previously set financial targets. This adjustment could lead to negative investor sentiment in the short term, as it falls below the market's expectation of $493.25M, indicating possible operational or market challenges that InMode might be facing. Such news typically results in a negative impact on the stock price as investors recalibrate their expectations based on the new guidance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100