Investing.com - Financial Markets Worldwide

DexCom shares jump after lifting full-year revenue guidance

AuthorSam Boughedda
EditorPollock Mondal
Published 10/27/2023, 09:56 AM
© Reuters. DexCom (DXCM) shares jump after lifting full-year revenue guidance
DXCM
-

DexCom (NASDAQ:DXCM) shares surged Friday on the back of its strong third-quarter earnings performance and full-year revenue guidance increase, which was reported after the close Thursday.

The company, which creates glucose monitoring systems for diabetes management, reported EPS of $0.50, $0.16 better than the analyst estimate of $0.34, while revenue for the quarter came in at $975 million, up 27% YoY and higher than the consensus estimate of $939.19 million.

DexCom shares have rallied more than 15%, trading above the $94 per share mark.

Its U.S. revenue grew by 24% during the quarter, while international revenue increased by 33%. The company said it "executed incredibly well," and its continued momentum left it in a great position to again raise its full-year revenue and margin guidance.

The company now sees FY2023 revenue between $3.575B and $3.6B, up from the previous range of $ 3.5B to $3.55B. The consensus estimate was $3.539B.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.