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DexCom: 3Q Earnings Snapshot

·1 min read

SAN DIEGO (AP) _ DexCom Inc. (DXCM) on Tuesday reported third-quarter net income of $72.2 million.

On a per-share basis, the San Diego-based company said it had profit of 73 cents. Earnings, adjusted for non-recurring costs and amortization costs, were 94 cents per share.

The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share.

The medical device company posted revenue of $500.9 million in the period, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $477.2 million.

DexCom expects full-year revenue of $1.9 billion.

DexCom shares have risen 74% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $380.63, more than doubling in the last 12 months.

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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