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InMode Shares Up 8% on Q3 Guidance Raise
Oct 13, 2021(Last modified: Dec 19, 2023)
InMode Ltd. (NASDAQ:INMD) shares closed with an 8.62% gain on Tuesday following the company’s report on better-than-consensus Q3 revenue and EPS guidance.
The company guided Q3 revenue in the range of $93.5-94 million, which represents approximately 57% year-over-year growth and is well above the consensus estimate of $74.9 million. The company expects Q3 non-GAAP EPS in the range of $0.53-0.54, implying 68-72% growth, beating the consensus estimate of $0.36.
Analysts at Needham expect the launches of the company's EmpowerRF (gynecology) and EnvisionRF (ophthalmology) platforms to continue to drive very strong revenue growth and upside to consensus.
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