InMode shares rise after prelim Q3 results beat estimates

InMode

10/10/2024 16:58

** Israel-based medtech company InMode  INMD.O  shares climb
6.3% to $16 
    ** Expects to deliver Q3 rev between $130 mln and $130.1
mln, beating expectations of $115.8 mln, as per LSEG data
    ** Co says proactively assessing relocation of certain
production activities outside of Israel
    ** 2 of 6 brokerages rate the stock "buy" or higher, 4
"hold"; their median PT is $20.40
    ** As of last close, stock down ~28.28% YTD
    

 (Reporting by Ankita Bora in Bengaluru)
 ((Ankita.Bora@thomsonreuters.com))