Inspire Medical gains on upbeat FY24 revenue forecast

Inspire Medical Systems

29/07/2024 12:39

** Shares of medical device maker Inspire Medical Systems
 INSP.N  rise ~12% to $141 premarket
    ** Co forecasts FY24 revenue between $788 mln and $798 mln,
above analysts' estimates of $787.92 mln - LSEG data
    ** INSP sees preliminary Q2 total rev of $195.9 mln, with
U.S. sales expected to contribute $187.8 mln 
    ** Analysts expect $186.25 mln in total rev and $179.80 mln
in U.S. sales 
    ** Co plans to report its complete Q2 results on Aug. 6
    ** As of last close, stock down 38.2% YTD 

 (Reporting by Pratik Jain in Bengaluru)
 ((Pratik.Jain@thomsonreuters.com;))