Inari climbs after slightly raising annual revenue forecast

Inari Medical

29/10/2024 11:21

** Shares of medical device maker Inari Medical  NARI.O 
rise ~7% to $45.56 premarket
    ** Inari, late on Monday, raised the lower end of its full
year 2024 revenue forecast to $601.5 million to $604.5 million,
from its prior range of $594.5 million to $604.5 million
    ** Co's Q3 revenue of $153.39 mln beats analysts' average
expectation of $150.67 mln - LSEG
    ** Co continues to expect to reach sustained operating
profitability in first half of 2025 
        ** At least two analysts have raised co's PT after
results
  
    ** Up to last close, stock down 34.4% YTD

 (Reporting by Christy Santhosh)
 ((Christy.Santhosh@thomsonreuters.com))