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InMode Stock Falls 8% Over Lower Q1 Earnings

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Stock of InMode Ltd. (INMD) is falling about 8 percent during Monday morning trading after the company announced decline in first-quarter earnings, to $18.20 million, or $0.26 per share from last year's $23.69 million, or $0.28 per share.

INMD is currently trading at $14.84, down 8.54 percent or $1.38, over the previous close of $16.22 on the Nasdaq. The stock has traded between $13.68 and $19.85 in the past one year.

The company also announced its decision to lower its adjusted earnings to the range of $1.64 to $1.68 per share for the full-year 2025, compared to previously estimated $1.95 to $1.99 per share.

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