SAN DIEGO (AP) _ DexCom Inc. (DXCM) on Wednesday reported a loss of $26.9 million in its first quarter.
The San Diego-based company said it had a loss of 30 cents per share. Losses, adjusted for non-recurring costs, came to 5 cents per share.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 17 cents per share.
The medical device company posted revenue of $280.5 million in the period, which also beat Street forecasts. Ten analysts surveyed by Zacks expected $246.4 million.
DexCom expects full-year revenue in the range of $1.25 billion to $1.3 billion.
DexCom shares have dropped almost 1% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $118.85, an increase of 62% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DXCM at https://www.zacks.com/ap/DXCM