INMD - Why InMode Shares Are Soaring 13.7% Today
InMode's (NASDAQ: INMD) shares are skyrocketing 13.7% higher at 3:25 p.m. EDT on Monday after management announced its second-quarter 2020 revenue would likely be between $30.2 million and $30.6 million, which is significantly higher than analysts' outlook for $16.9 million. The company also increased its non-GAAP (adjusted) earnings-per-share outlook to between $0.20 and $0.22, again besting industry watchers' forecast for a loss of $0.09 per share.
The healthcare company is disrupting the multibillion market for aesthetic treatments, including liposuction, with devices that use radio frequency energy to reduce scarring and improve recovery times.
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