Drug Delivery Business

Insulet surpasses Q3 earnings estimates, raises guidance

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InsuletInsulet (NSDQ:PODD) posted third-quarter results after market close yesterday that beat analysts’ consensus for the company.

The Acton, Mass.-based tubeless insulin pump manufacturer announced profits of $11.6 million or $0.17 per share on sales of $234 million for the three months ended September 30, 2020, for a bottom-line gain of 13.5% on sales growth of 21% compared with Q3 2019.

Insulet’s quarterly earnings of $0.18 surpassed the consensus estimate of $0.06 per share.

Get the full story on our sister site, MassDevice.

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About Brian Buntz

The pharma and biotech editor of WTWH Media, Brian is a veteran journalist with more than 15 years of experience covering an array of life science topics, including clinical trials, drug discovery and development and medical devices. Before coming to WTWH, he served as content director focused on connected devices at Informa. In addition, Brian covered the medical device sector for 10 years at UBM. At Qmed, he overhauled the brand’s news coverage and helped to grow the site’s traffic volume dramatically. He had previously held managing editor roles on two of the company’s medical device technology publications. Connect with him on LinkedIn or email at [email protected].