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InMode's Q3 Non-GAAP Earnings, Revenue Increase; Lowers 2024 Revenue Outlook
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InMode's Q3 Non-GAAP Earnings, Revenue Increase; Lowers 2024 Revenue Outlook
Oct 30, 2024 10:27 PM

09:38 AM EDT, 10/30/2024 (MT Newswires) -- InMode's ( INMD ) shares were up 1% in early Wednesday trading after the company reported Q3 non-GAAP earnings of $0.70 per diluted share, up from $0.61 a year earlier.

Analysts polled by Capital IQ expected $0.61.

Revenue for the quarter ended Sept. 30 was $130.2 million, up from $123.1 million a year earlier.

Analysts surveyed by Capital IQ expected $126.9 million.

The company said its 2024 revenue outlook has been revised lower to between $410 million and $420 million, from the previous guidance of between $430 million and $440 million. Analysts polled by Capital IQ expect $416.7 million.

The company said it still expects 2024 non-GAAP earnings of between $1.92 and $1.96 per diluted share. Analysts surveyed by Capital IQ expect $1.87.

Price: 18.10, Change: +0.19, Percent Change: +1.06

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