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 following better-than-expected Q2 sales results and an increase in FY24 guidance. The company also announced a $150 million share repurchase program.
August 07, 2024 | 2:07 pm
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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.
The better-than-expected Q2 sales results and raised FY24 guidance indicate strong financial performance, which is likely to boost investor confidence. The $150 million share repurchase program further signals the company's positive outlook and commitment to returning value to shareholders.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100