Why InMode Shares Are Gaining Today

InMode Ltd. INMD released preliminary results for the three months ended June 30, 2023, where revenues are expected to be $135.7 million-$135.9 million, versus the consensus of $130.28 million.

The company expects Q2 Non-GAAP EPS of $0.70-$0.71, above the Street view of $0.64.

InMode sees non-GAAP gross margin of 83%-85%.

The company increased FY23 revenue guidance to $530 million-$540 million (consensus $531.1 million) from the previous guidance of $525 million-$530 million.

InMode is expected to release its second-quarter earnings on July 27, 2023.

Also Read: SpringBig Provides Q2 Preliminary Results, Expects To Be Adjusted EBITDA Positive In Q3

Benzinga CEO has mentioned this stock for months through Benzinga’s Premium Service & Benzinga Pro.

Price Action: INMD shares are trading higher by 8% to $44.00 on the last check Wednesday.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: EquitiesNewsMarketsMoversGeneralBriefswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!