Inspire Medical Systems shares are trading higher after the company reported better-than-expected Q2 sales results and raised its FY24 guidance. Also, the company announced it authorized a $150 million share repurchase program.
Portfolio Pulse from Benzinga Newsdesk
Inspire Medical Systems shares are trading higher after the company reported better-than-expected Q2 sales results and raised its FY24 guidance. Additionally, the company announced a $150 million share repurchase program.
August 06, 2024 | 8:55 pm
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Inspire Medical Systems shares are trading higher due to better-than-expected Q2 sales results, raised FY24 guidance, and a $150 million share repurchase program.
The combination of strong Q2 sales results, raised FY24 guidance, and a significant share repurchase program is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100