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InMode Sees Q2 Adj. EPS Well Above Estimates; Boosts FY22 Revenue Outlook
(RTTNews) - While announcing preliminary results for the second quarter on Tuesday, medical technologies firm InMode Ltd. (INMD) now expects adjusted earnings for the second quarter in the range of $0.57 to $0.58 per share on revenues between $113.0 million and $113.3 million.
On average, three analysts polled by Thomson Reuters expect the company to report earnings of $0.51 per share on revenues of $103.13 million for the quarter. Analysts' estimates typically exclude special items.
Looking ahead to fiscal 2022, the company now projects revenues in a range of $425 million to $435 million, up from the prior forecast range between $415 million and $425 million. The Street is currently looking for revenues of $422.52 million.
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InMode Q4 Results Top Estimates; Guides FY24 Adj. EPS Above Estimates
Medical technology firm InMode Ltd. (INMD) reported Tuesday that net income for the fourth quarter increased to $55.17 million or $0.64 per share from $37.71 million or $0.44 per share in the prior-year quarter.
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InMode Boosts FY23 Adj. EPS Outlook
Based on preliminary financial results for the fourth quarter and full year 2023 on Tuesday, medical technology firm InMode Ltd. (INMD) currently expects adjusted earnings for the fourth quarter in a range of $0.68 to $0.69 per share on revenues between $126.0 million and $126.5 million.
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Canadian Dollar Falls Against Most Majors
The Canadian dollar dropped against its most major counterparts in the New York session on Friday.
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Canadian Market Modestly Higher; Technology Stocks Among Notable Gainers
The Canadian market is up in positive territory Friday afternoon with investors largely reacting to quarterly earnings announcements, and the nation's jobs data, in addition to weighing the impact of tariffs on global economic growth.
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Swiss Market Ends Marginally Up
The Switzerland market ended marginally up on Friday despite exhibiting weakness for much of the time past noon. Investors continued to react to earnings and assess the economic impact of reciprocal tariffs, and stayed largely cautious with their moves.
A report showing a drop in Swiss consumer confidence in the month of July hurt sentiment.
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Major European Markets Close On Mixed Note
Major European markets turned in a mixed performance on Friday with investors largely staying cautious, assessing the impact of tariffs on global economic growth, and continuing to digest corporate earnings announcements and other data.
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il y a 19h 54min
Positive Start Seen For Canadian Stocks
Canadian stocks may edge up a bit in early trades Friday morning with some encouraging earnings announcements and firm commodity prices aiding sentiment.
Investors will also be reacting to the data showing a 41,000 jobs drop in Canadian employment in the month of July. Data from Statistics Canada also showed that the unemployment rate in Canada came in unchanged at 6.9%.
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UK Market Roughly Flat; Mining Stocks Move Higher
Amid a lack of economic and earnings data, U.K. stocks are moving in a tight range in somewhat lackluster trade on Friday. Investors are assessing the potential impact of the Trump administration's reciprocal tariffs on global economic growth. Optimism about a rate cut by the Fed next month is aiding sentiment a bit.
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