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InMode stock gains after profit, revenue guidance tops expectations

Clyde Edgerton by Clyde Edgerton
April 12, 2023
in Markets
InMode stock gains after profit, revenue guidance tops expectations
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Shares of InMode Ltd. INMD climbed 1.1% in premarket trading Wednesday, after the Israel-based medical technologies company provided upbeat earnings guidance. The company said it expects first-quarter adjusted earnings per share of 50 cents to 51 cents, which is above the FactSet consensus of 46 cents. Revenue is expected to be $105.7 million to $105.9 million, which implies growth 23.1% to 23.2%, and is above the FactSet consensus of $100.3 million. The company is scheduled to report results on May 2, before the opening bell. The stock has slipped 1.7% year to date through Tuesday, while the S&P 500 INMD has gained 7.0%.

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Clyde Edgerton

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