DexCom: 2Q Earnings Snapshot
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.