US-listed shares of Inmode slide on downbeat FY, quarterly rev outlook

InMode

09/04/2024 12:26

** US-listed shares of Israel-based medical equipment and
technology company Inmode  INMD.O  down 4% at about $19 in
premarket trading
    ** Co decreases FY24 revenue guidance to between $485 mln
-$495 mln, below avg analysts' estimate of $498.8 mln - LSEG
IBES data
    ** "Esthetics industry remains significantly affected by the
challenges posed by the macro-economic environment" - co
    ** Sees Q1 rev between $80 mln - $80.1 mln, below average
estimate of $102.2 mln
    ** As of last close, US-listed shares of INMD down 11% YTD
    

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com;))