11:26 AM EDT, 08/01/2024 (MT Newswires) -- InMode ( INMD ) shares fell more than 7% in recent Thursday trading after the company posted lower Q2 results that also missed analysts' expectations.

The company reported Q2 non-GAAP earnings of $0.34 per diluted share, down from $0.72 a year earlier.

Analysts polled by Capital IQ expected $0.38.

Revenue for the quarter ended June 30 was $86.4 million, down from $136.1 million a year earlier.

Analysts expected $106.6 million.

For 2024, InMode ( INMD ) is now projecting non-GAAP EPS of $1.92 to $1.96 on revenue of $430 million to $440 million compared with its prior non-GAAP EPS guidance of $2.01 to $2.05 on revenue of $485 million to $495 million.

Analysts surveyed by Capital IQ expect $1.87 and $456.9 million, respectively.

Price: 16.83, Change: -1.29, Percent Change: -7.12