InMode Cuts FY24 Revenue Outlook From $430M - $440M To $410M - $420M (Est $419.925M), Adj EPS Guidance Remains The Same As In Previous Guidance At $1.92 - $1.96 (Est $1.87)
Portfolio Pulse from Benzinga Newsdesk
InMode has revised its FY24 revenue outlook downwards from $430M-$440M to $410M-$420M, while maintaining its adjusted EPS guidance at $1.92-$1.96.
October 30, 2024 | 11:10 am
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InMode has reduced its FY24 revenue forecast from $430M-$440M to $410M-$420M, aligning closely with estimates. The EPS guidance remains unchanged.
The downward revision in revenue outlook suggests potential challenges in sales or market conditions, which could negatively impact investor sentiment. However, maintaining EPS guidance indicates cost management or other compensatory factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100