Company cuts guidance due to macro environment

  • InMode’s stock slides 13% after profit warning
  • Company cuts full-year guidance due to macro environment
  • Adjusted EPS expected to be $2.47 to $2.50
  • Sales expected to range from $485 million to $495 million

The stock of InMode Ltd., an Israeli medical tech company, fell 13% after the company issued a profit warning. InMode cited stronger-than-expected headwinds from the current macro environment, leading to a slowdown in platform sales, particularly in North America. As a result, the company revised its full-year guidance, with adjusted EPS expected to be $2.47 to $2.50, down from the previous guidance of $2.53 to $2.57. Sales are now projected to range from $485 million to $495 million, compared to the previous range of $500 million to $510 million. InMode’s stock has declined 34% year-to-date, while the S&P 500 has gained 19%.

Factuality Level: 8
Factuality Justification: The article provides specific information about InMode Ltd.’s stock falling 13% and the company cutting its full-year guidance. It also includes details about the reasons for the decline and the revised expectations for adjusted EPS and sales. The article mentions the stock’s performance in the year to date and compares it to the performance of the S&P 500. Overall, the article provides factual information without any obvious bias or misleading elements.
Noise Level: 7
Noise Justification: The article provides relevant information about InMode Ltd.’s stock falling due to the company cutting its full-year guidance. It includes details about the reasons for the decline and the revised expectations. However, it lacks in-depth analysis, scientific rigor, and actionable insights. The article also briefly mentions the stock performance of the S&P 500, which is unrelated to the main topic.
Financial Relevance: Yes
Financial Markets Impacted: The stock market and investors in InMode Ltd.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses the impact of the company’s lowered guidance on its stock and financial performance.
Public Companies: InMode Ltd. (INMD), S&P 500 (SPX)
Key People:

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Reported publicly: www.marketwatch.com