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Why InMode Stock Popped Today

TheMotleyFool

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Shares of InMode (NASDAQ: INMD) leaped 8.6% on Tuesday after the medical technology specialist boosted its full-year financial forecast.

InMode anticipates third-quarter revenue of $93.5 million to $94 million, which would signify year-over-year growth of roughly 57%. Management also expects the company to produce record adjusted earnings per share (EPS) of $0.53 to $0.54. Both figures were well above Wall Street's estimates, which had called for revenue and adjusted EPS of $74.9 million and $0.36, respectively.

Image source: Getty Images.

Source Fool.com

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