InMode Ltd (INMD) announced earnings for first quarter that decreased from last year and missed the Street estimates.
The company's earnings totaled $18.20 million, or $0.26 per share. This compares with $23.69 million, or $0.28 per share, last year.
Excluding items, InMode Ltd reported adjusted earnings of $21.39 million or $0.31 per share for the period.
Analysts on average had expected the company to earn $0.35 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 3.0% to $77.87 million from $80.28 million last year.
InMode Ltd earnings at a glance (GAAP) :
-Earnings: $18.20 Mln. vs. $23.69 Mln. last year.
-EPS: $0.26 vs. $0.28 last year.
-Revenue: $77.87 Mln vs. $80.28 Mln last year.
-Guidance:
Full year EPS guidance: $1.64 - $1.68
Full year revenue guidance: $395 - $405 Mln
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