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DexCom: 2Q Earnings Snapshot

July 31, 2019

SAN DIEGO (AP) _ DexCom Inc. (DXCM) on Wednesday reported a second-quarter loss of $10.5 million, after reporting a profit in the same period a year earlier.

The San Diego-based company said it had a loss of 12 cents per share. Earnings, adjusted for non-recurring costs and amortization costs, were 8 cents per share.

The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.

The medical device company posted revenue of $336.4 million in the period, also exceeding Street forecasts. Ten analysts surveyed by Zacks expected $302.2 million.

DexCom expects full-year revenue in the range of $1.33 billion to $1.38 billion.

DexCom shares have increased 31% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $156.92, an increase of 65% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DXCM at https://www.zacks.com/ap/DXCM

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