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Dexcom down big despite strong Q3, raised guidance

October 29, 2020 By Sean Whooley

Dexcom updated logoDexcom (NSDQ:DXCM) shares took a big hit today on third-quarter results that trounced the consensus forecast.

Shares of DXCM were down nearly -9% at $346.51 per share in mid-morning trading yesterday. Today, DXCM is trading down -3.2% $338.10.

The San Diego-based insulin delivery technology developer posted profits of $72.2 million, or 73¢ per share, on sales of $500.9 million for the three months ended Sept. 30, 2020, for a 57.6% bottom-line gain on sales growth of 26.4%.

Get the full story at our sister site, MassDevice.

Filed Under: Business/Financial News, Diabetes, Drug-Device Combinations, Featured, MassDevice Earnings Roundup, Wall Street Beat Tagged With: Dexcom

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