InMode Q4 Results Top Estimates; Guides FY24 Adj. EPS Above Estimates

RTTNews | 941 days ago
Stocktwits
InMode Q4 Results Top Estimates; Guides FY24 Adj. EPS Above Estimates

(RTTNews) - Medical technology firm InMode Ltd. (INMD) reported Tuesday that net income for the fourth quarter increased to $55.17 million or $0.64 per share from $37.71 million or $0.44 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter were $0.71 per share, compared to $0.78 per share in the year-ago quarter.

Revenues for the quarter declined to $126.78 million from $133.57 million in the same quarter last year.

On average, six analysts polled by Thomson Reuters expected the company to report earnings of $0.67 per share on revenues of $125.04 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2024, the company now projects adjusted earnings in a range of $2.53 to $2.57 per share on revenues between $495 million and $505 million.

The Street is currently looking for earnings of $2.45 per share on revenues of $499.28 million for the year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: INMD
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InMode Boosts FY23 Adj. EPS Outlook

InMode Boosts FY23 Adj. EPS Outlook

Based on preliminary financial results for the fourth quarter and full year 2023 on Tuesday, medical technology firm InMode Ltd. (INMD) currently expects adjusted earnings for the fourth quarter in a range of $0.68 to $0.69 per share on revenues between $126.0 million and $126.5 million.
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