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Dexcom Stock Plummets on Earnings Miss, Guidance Cut
DXCMDexCom(DXCM) Investopedia·2024-07-25 21:56

Key TakeawaysShares of Dexcom tumbled in extended trading Thursday after the company reported second-quarter earnings that missed estimates and slashed its full-year revenue guidance.The maker of glucose monitors said it now expects organic revenue growth of 11% to 13%, down from its projection in April of 17% to 21%.The second quarter "did not meet our high standards," CEO Kevin Sayer said. Shares of Dexcom (DXCM) tumbled over 40% in extended trading Thursday after the company reported second-quarter earni ...