financetom
Business
financetom
/
Business
/
DexCom Stock Drops After Mixed Q2 Results, Weak Forward Guidance
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
DexCom Stock Drops After Mixed Q2 Results, Weak Forward Guidance
Jul 25, 2024 2:20 PM

DexCom, Inc. ( DXCM ) shares are dropping after the company reported its second-quarter financial results Thursday. Here's a look at the key figures from the report. 

The Details: DexCom ( DXCM ) reported quarterly earnings of 43 cents per share, which beat the analyst consensus estimate of 39 cents by 10.26%.

Quarterly sales came in at $1.004 billion which missed the analyst consensus estimate of $1.036 billion by 3.13% and represents a 15.23% increase over the same period last year. U.S. revenue grew 19% and international revenue grew 7% year-over-year.

Read Also: What’s Going On With Super Micro Computer Stock?

The company also announced a $750 million share repurchase program in conjunction with second-quarter results.

“While Dexcom advanced several key strategic initiatives in the second quarter, our execution did not meet our high standards,” said Kevin Sayer, Dexcom’s CEO. “We have a unique opportunity to serve millions of more customers around the world with our differentiated product portfolio and we are taking action to improve our execution and best position ourselves for continued long-term growth.”

Outlook: DexCom ( DXCM ) sees third-quarter revenue in a range of $975 million to $1 billion, versus the $1.15 billion estimate, and full-year revenue in a range of $4. billion to $4.05 billion, versus the $4.33 billion estimate.

DXCM Price Action: According to Benzinga Pro, DexCom ( DXCM ) shares are down 32.92% after-hours at $72.50 at the time of publication Thursday.

Read Next: 

QuantumScape Stock Falls On Q2 Results: Here’s Why

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved