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 >
Illinois Tool Works tightens annual profit forecast on tariff headwinds
Illinois Tool Works tightens annual profit forecast on tariff headwinds
Oct 24, 2025
Oct 24 (Reuters) - Illinois Tool Works ( ITW ) narrowed its annual profit forecast range on Friday, as the industrial parts maker expects supply chain snarls due to U.S. tariffs. Shares of the company fell nearly 4% in premarket trading. U.S. President Donald Trump's tariff policies have driven up prices of raw materials, forcing companies such as Illinois Tool...
Brookfield Asset Management, Temasek's Acquisition of Luminace Approved by European Commission
Brookfield Asset Management, Temasek's Acquisition of Luminace Approved by European Commission
Oct 24, 2025
09:21 AM EDT, 10/24/2025 (MT Newswires) -- Brookfield Asset Management ( BAM ) and Temasek's acquisition of renewable energy firm Luminace has been approved by the European Commission, the commission said Friday. The transaction has limited impact on the European Economic Area and is not expected to raise any competition concerns, the commission said. Luminace provides decarbonization services and develops...
Update: Meta, TikTok Found to Breach Transparency Rules in Preliminary EU Probe
Update: Meta, TikTok Found to Breach Transparency Rules in Preliminary EU Probe
Oct 24, 2025
09:16 AM EDT, 10/24/2025 (MT Newswires) -- (Updates with TikTok's response in the last paragraph) Meta Platforms ( META ) and ByteDance's TikTok have been found to be preliminarily in breach of their obligation to provide users with simple mechanisms to report illegal content, the European Commission said. The Commission said Facebook, Instagram, and TikTok may have put in place...
EU finds Meta, TikTok in breach of transparency obligations
EU finds Meta, TikTok in breach of transparency obligations
Oct 24, 2025
* Meta, TikTok did not grant researchers adequate access, EU says * EU says Instagram and Facebook fail to police illegal posts * Companies can take measures to remedy breaches, Commission says (Adds reaction from TikTok) By Benoit Van Overstraeten and Alessandro Parodi BRUSSELS, Oct 24 (Reuters) - U.S. tech giant Meta and Chinese-owned social media app TikTok breached their...
Copyright 2023-2026 - www.financetom.com All Rights Reserved