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INMD - Here's Why InMode Shares Are Jumping 18.5% Today
InMode Ltd.
After InMode (NASDAQ: INMD) reported third-quarter financial results that bested analysts forecasts, its shares rocketed 18.5% higher by 1:30 p.m. EST on Tuesday.
InMode manufactures equipment that uses radio frequency energy to perform medical aesthetic and women's health procedures, such as body contouring. The company has been publicly traded for only a few months, but its top-line and bottom-line performance so far is encouraging.